Italian luxury fashion group Brunello Cucinelli on Wednesday said sales had risen 10.5 percent at constant exchange rates in the first quarter, boosted by a solid performance in retail and wholesale channels.
Cucinelli confirmed its expectations for sales growth of around 10 percent in both 2025 and 2026 despite looming US tariffs.
The clothing brand, best known for its cashmere garments, sold 37 percent of its products in the Americas region last year.
Sales came in at â¬341.5 million ($388.2 million), broadly in line with an analystsâ forecast of â¬343 million, according to LSEG data.
Amid a slowdown in luxury demand, the group has so far outperformed the industry thanks to its high-end positioning.
By Romolo Tosiani; Edited by Keith Weir
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Cucinelli Sees Operating Profit Increase 13% in 2024, Confirms Guidance
Italian luxury group Brunello Cucinelli claimed its operating profit had risen almost 13 percent in 2024 and expects sales growth of approximately 10 percent in the next two years.