The fourth quarter has seen the Italian fashion business Brunello Cucinelli SpA maintain its current development trajectory, and just before the year ends, it increased its sales projection once more.
The knitwear specialist now projects a 22–23 per cent increase in sales in 2023, based on the “very positive” performance in recent weeks. Just over € 1.1 billion in sales are anticipated annually, according to Brunello Cucinelli’s announcement. The business raised its estimate to 20 to 22 per cent only in October.
The apparel retailer added that it anticipates “very good” performance and margins for the current year. The management is still projecting a 10 per cent increase in sales by 2024. The firm declared the establishment of additional boutiques and underlined that order intake for the upcoming spring-summer season was “excellent.”
