Italian luxury brand Brunello Cucinelli has opened a new flagship store in Sydney, expanding its presence in the Australian market with its debut flagship.
The brand-new Cucinelli store is spread across two stories in Sydney’s Martin Place and features distinct areas where the house collections are on show.
When guests first arrive, they will see a staircase or lift leading to the upper floor, which houses the boutique’s main collections.
Custom-made furniture and antiques have been added to the store’s decor, which is mostly warm with touches of metallic and opulent finishes.
In collaboration with the Graaf Group, a family-run business that manages upscale real estate, fashion, and hospitality projects throughout Australia, the brand-new Brunello Cucinelli Sydney store debuted.
According to Cucinelli’s most recent financial statement, compared to the first nine months of 2022, revenues for the nine months ended 30th September totaled € 818.4 million, an increase of 28.8 per cent. Sales growth in all geographic sectors was double digits.
Cucinelli’s market share in Asia reached € 218.57 million, a 49.7 per cent increase from 2022, making it the second-largest market in the Americas for the Umbria, Italy-based company.
