Brunello Cucinelli’s first-quarter sales increased by 19.6%, reiterating that “top luxury is our onl…

Brunello Cucinelli’s first-quarter sales increased by 19.6%, reiterating that “top luxury is our onl…

Sumary of Brunello Cucinelli’s first-quarter sales increased by 19.6%, reiterating that “top luxury is our onl…:

  • The sales performance of the Spring/Summer 2022 collection, as well as the current significant order volume for the Fall/Winter collection, lead us to believe that we will achieve sales growth of around 12% in fiscal 2022.
  • In March, Brunello Cucinelli completed its first acquisition of the fiscal year, acquiring a 43% stake in Italian cashmere supplier Lanificio Cariaggi (see Luxe.Co’s historical report) to ensure access to the highest quality raw materials.
  • Based on a positive start, the Brunello Cucinelli Group confirmed that sales growth in fiscal 2022 and fiscal 2023 is expected to be approximately 12% and 10%, respectively.
  • Brunello Cucinelli said that thanks to the advance procurement plan and the supply of exclusive raw materials, the group has not encountered problems in purchasing raw materials for the subsequent series.
  • At the same time, he reiterated Brunello Cucinelli’s positioning of absolute top luxury goods, and we determined that the tip of the pyramid in the personal luxury goods market is our only target market, a segment that has historically been less (subject to external influences) ) has fluctuated and has been driven by the high demand for high-quality products demonstrated by audiences.
  • Brunello Cucinelli himself commented: From a humanistic point of view, our confidence in human wisdom is always strong and fresh, and I believe that the day when all mankind returns to peace will come as soon as possible.

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