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Brunello Cucinelli S.p.A. (0Q7S.IL)
- Reuters
Cucinelli chairman flags strong first quarter, including in China
Italian luxury group Brunello Cucinelli performed well in the first quarter, including in the Unites States and China, the group's founder and executive chairman said on Wednesday. The group, which is focused on high-end clothing and accessories, expects to raise prices by 1-2% this year, after a 4% increase last year, Executive Chairman Brunello Cucinelli said at an event in Milan. Cucinelli is due to publish first quarter results on Apr. 17.
- IPO-Edge.com
Arc’tyrex, Salomon and Wilson: Bet on a Winning Trifecta of Billion Dollar Brands
Amer Sports, Inc. priced IPO Wednesday and begins trading Thursday on NYSE (ticker: AS) Owns billion-dollar global brands: Canada’s Arc’tyrex, France’s Salomon and Wilson of the U.S. Deal priced at […]
- Reuters
Cucinelli defies sector slowdown with 24% sales jump in 2023
MILAN (Reuters) -Sales at Italian luxury group Brunello Cucinelli rose 23.9% in 2023, a touch above its latest guidance and market expectations, defying a sector slowdown thanks to its focus on the industry's high end. The first luxury group to report 2023 preliminary sales said last year's revenues rose by 20.8% in the Americas, 40.4% in Asia and 16.8% in Europe. "The great orders in our portfolio for the Spring-Summer 2024 collection and the excellent start of sales... result in a most optimistic outlook for the first half of this year", Executive Chairman Brunello Cucinelli said a press release.
