Brunello Cucinelli reports 13,9% revenue increase for the first half of 2015
Italia luxury house of Brunello Cucinelli announced earlier this week revenues of 200.3 million euros in the first half of 2015, up a reported 13.9% from the year earlier and 9.3% higher at constant exchange rates. Chairman and CEO Brunello Cucinelli said he envisaged a “beautiful” 2015 for the company.
Revenue increased in all international markets: North America +25,8%, Europe +5,3%, Greater China +14,5, Rest of the world +36%. In Italy, revenue grew by 1,9%.
Like other Italian luxury goods and fashion groups heavily reliant on purchases on the part of tourists, Cucinelli shares are also getting a boost from figures from Global Blue showing that purchases by non-EU tourists of luxury goods products in the city of Milan rose an annual 10% in the month of June.