×
445
Fashion Jobs
MAJE
Supervisor - Selfridges, London
Permanent · LONDON
HARRODS
Technogym -Wellness Consultant
Permanent · LONDON
JOSEPH LTD
Full Time Menswear Supervisor (Mayfair)
Permanent · LONDON
MICHAEL KORS
Account Executive
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Flagship General Manager – Luxury Fashion – Regent st – £80k-£90k + Bonus
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Online Customer Service Manager
Permanent · HUNGERFORD
FOUR SEASONS RECRUITMENT
Merchandising Manager
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Kings Road
Permanent · LONDON
BIMBA Y LOLA
Sales Assistant Richmond
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Notting Hill
Permanent · LONDON
FOUR SEASONS RECRUITMENT
Showroom Sales Representative
Permanent · LONDON
TOO FACED
Business Manager - John Lewis Brent Cross
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Ltrtw & Mtm Client Service Manager – Luxury Ladieswear – Knightsbridge – £30k-£40k + Comm
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Haute Couture Client Service Manager – Luxury Ladieswear – Mayfair– £40k-£60k + Comm
Permanent · LONDON
MAJE
Sales Supervisor, Full-Time - Harrods, London
Permanent · LONDON
BIMBA Y LOLA
Part Time Sales Assistant Canary Wharf
Permanent · LONDON
HEAD OFFICE
Brand Manager
Permanent · LONDON
BETTY BARCLAY GROUP GMBH & CO KG
Retail Operations Manager
Permanent · LONDON
RETAIL PERM
Beauty Salon Manager
Permanent · LONDON
TOO FACED
Business Manager - Liverpool - New Mersey Retail pk (Speke), UK
Permanent ·
TOO FACED
Business Manager - Lisburn Sprucefield sc, UK
Permanent ·
TOO FACED
Business Manager - Stockton on Tees Teeside, UK
Permanent ·
Advertisements

Brunello Cucinelli to close 2018 with €553 million revenue, forecasts 2019 growth

Translated by
Nicola Mira
Published
today Jan 8, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Another year, 2018, is set to finish with a “judicious” rate of growth for Brunello Cucinelli, as the eponymous founder of the Italian luxury label likes to define it. Net revenue for the year is expected to be worth €553 million, equivalent to an 8.1% rise over 2017 at current exchange rates (+10.7% at constant exchange rates). 


Instagram/Brunello Cucinelli


“Another year has ended in ‘splendid’ fashion, both in terms of revenue and of the brand’s global image worldwide,” said the king of cashmere, Cucinelli. 
 
Greater China - which accounts for 10% of total revenue - continues to drive the growth of Brunello Cucinelli, which generated sales worth €54.8 million in the Asian country in 2018, up 28.5% over the €42.7 million recorded in 2017. In general, all regions are performing well, with Europe up 8.5%, North America up 3.9% and the Italian domestic market up 4.2%, while the rest of the world posted double-digit growth (+10.7%, with €59 million).

Looking at the results by distribution channel, Brunello Cucinelli generated wholesale revenues worth €226.5 million (+9% over 2017); its monobrand stores produced a revenue of €296.3 million, while the monobrand wholesale channel posted a remarkable 19.4% increase. 
 
In the course of 2018, Brunello Cucinelli opened two new monobrand stores and converted four franchised ones into directly owned shops, bringing the total of its directly operated shops worldwide to 100.
 
In 2018, the group invested on several fronts, from sales to manufacturing, logistics and IT/digital, for a total of €45 million. Of these, €6.5 million were spent to buy out the remaining 38% of the capital of Brunello Cucinelli's Russian subsidiary, with the objective of taking direct control of a market which holds huge potential for the label.
 
The forecasts for 2019 are also very positive, thanks to “the more than satisfactory sell-out performance in the winter and the significant amount of orders already received for the Spring/Summer 2019,” said Cucinelli, who is looking forward to “another year of ‘judicious’ growth, in line with 2018.”
 
Brunello Cucinelli was founded in 1978 in the medieval town of Solomeo, just outside Perugia in central Italy, and is now distributed in over 60 countries via 127 monobrand stores and 650 multibrand retailers.

Copyright © 2019 FashionNetwork.com All rights reserved.