Brunello Cucinelli reports 14,4 percent sales increase in Q1 2013

Italian luxury house Brunello Cucinelli known for its cashmere apparel, reports sales of 88,8 million euros for the first 3 months of 2013, a 14,4% increase compared to the same period last year, and a net profit of  8,2 milioni euros (+14,8%). Cucinelli has grown in all geographical areas, especially the U.S. with first quarter sales of  22,8 milioni euros (+26,5%), Europe with 28,6 milioni euros (+18,3%) and Greater China (+69,3%) at 5 milion euros. Sales in Italy were not positive but the decrease was limited at -1,6% totally 23,6 milion euros.

Brunello Cucinelli boutique Saint Tropez, Cote d’Azur