Brunello Cucinelli reports 11,6% turnover increase in First Half 2014
Brunello Cucinelli reports double digit growth for the first six months of 2014 with net revenues of EUR 175.8 million, an increase of 11, 6% thanks to the positive performance of all markets, including Italy (+ 0.2%), and the balanced balance between retail and wholesale channel.
Favorable trend that is expected to continue for the whole of 2014. Buyers have appreciated a contemporary and fresh product as well as well-made. The international clientele rewards more and more the quality of Made in Italy and, with this in mind, I’m seeing a return of production in Italy for many fashion brands said CEO Brunello Cucinelli.
As for the foreign markets, which account for 79.4% of total turnover, Brunello Cucinelli reports: North America (+18.2% to 55.4 million) and Europe, rising 9.5% to 60 million , with a total weight of 34.2% of revenues.
In terms of sales channels, the network brand, which includes 65 boutiques, grew by 22.9% to 62.4 million, the brand wholesale (37 boutiques) of 6% to 21.8 million and the multi-6, 3% to 91.6 million.