Italian luxury fashion house Brunello Cucinelli has reported a strong finish to 2024, exceeding its own revenue growth expectations, as per reports. The company announced a 12.4 per cent increase in revenues for the year, driven by robust sales in the Americas and Asia.
The luxury group recorded a 11.6 per cent increase in its fourth quarter’s turnover alone. In December, the revised expectation for the year 2024 exhibited an increase in their sales growth between 11 per cent and 12 per cent.
This positive performance comes despite a slowdown in the broader luxury sector. Cucinelli, known for its high-end cashmere knitwear and sophisticated designs, has successfully navigated the challenging market by focusing on the upper echelons of the luxury segment.
The company anticipates “very strong profits” for the year and has maintained its forecast of 10 per cent revenue growth for both 2025 and 2026.
The final report for the full year is likely to be out by 13th March.
