Brunello Cucinelli, the iconic Italian luxury fashion house, is celebrating a remarkable year of success in 2019. With a reported revenue of €607.8 million, the brand is on track to achieve its ambitious goal of doubling its revenue within the next decade. This impressive growth is a testament to the brand’s commitment to sustainable and steady expansion under the leadership of founder and president, Brunello Cucinelli.
The brand’s international markets played a pivotal role in driving its global sales increase of 9.9% in 2019. Europe saw a significant rise of 12.9% in revenue, while North America and China also experienced positive growth rates of 8.9% and 14.7% respectively. These strong performances across different regions underscore Brunello Cucinelli’s appeal and presence on a global scale.
Moreover, Brunello Cucinelli’s success is evident across all distribution channels, including direct retail, monobrand wholesale, and multibrand wholesale. Currently operating 106 monobrand stores worldwide, the brand is set to expand its footprint with a new location slated to open in New York’s vibrant Meatpacking district. These strategic moves align with the brand’s vision to enhance its reach and tap into new markets.
In 2019, Brunello Cucinelli made substantial investments totaling around €53 million to support its strategic objectives. Despite these investments, the brand’s net financial indebtedness remains modest at approximately €30 million as of December 31, 2019. This financial stability combined with the brand’s impressive performance sets a positive tone for its future growth trajectory and continued success in the luxury fashion industry.
In summary, Brunello Cucinelli’s robust revenue growth in 2019 cements its status as a prominent player in the global luxury market. By focusing on strategic investments, expansion initiatives, and enhancing its brand image, Brunello Cucinelli is well-positioned to build on its success and influence in the years to come.
For more information on Brunello Cucinelli’s latest collections and news, visit their official website here. To explore the brand’s sustainability efforts and initiatives, click here.
