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Brunello Cucinelli raises sales forecast for 2023
10 days ago | By Fashion United
Image: Brunello Cucinelli
Italian luxury house Brunello Cucinelli is raising its estimates for 2023 as the company forecasts revenue to increase 15 percent, instead of 12 percent.
The Perugia-based fashion business ended 2022 with a net profit of 87.2 million euros, an increase of 54.9 percent compared to the previous financial year.
Cucinelli made several key investments in 2022, including a 15.05 million euro stake I Lanificio Cariaggi Cashmere.
“2022 was a year for our fashion house that we define as one of high inspiration, of consistent growth, but above all of an incisive connotation...
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