default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Cucinelli Raises Sales Growth Forecast for 2023

Italian luxury brand Bunello Cucinelli. Shutterstock.
Italian luxury brand Bunello Cucinelli. (Shutterstock)

Italian luxury group Brunello Cucinelli on Wednesday raised its sales growth guidance for 2023 to 15 percent, up from its previous estimate of 12 percent, on the back of a strong start to the year and significant orders for coming seasons.

The brand known for cashmere clothing posted earnings before interest and taxes (EBIT) at €134.4 million ($141.6 million), above a €133.0 million analyst forecast based on a SmartEstimates consensus provided by Refinitiv.

Brunello Cucinelli proposed the distribution of a dividend of 0.65 euros per share. ($1 = 0.9490 euros)

By Romolo Tosiani

Learn more:

Brunello Cucinelli Acquires 43% Stake in Italian Cashmere Supplier

The Italian house best known for its cashmere knitwear paid €15.05 million for a 43 percent stake in its long-time supplier of the luxury fabric, Lanificio Cariaggi Cashmere.


In This Article
Topics

© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.




view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Enjoy 25% off BoF Professional Membership Until December 19
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
Enjoy 25% off BoF Professional Membership Until December 19