Italian luxury fashion brand Brunello Cucinelli has posted a 9.4 per cent revenue growth to €502.6 million in the third quarter (Q3) of FY21 ended on September 30, 2021, against the sales of €459.2 million in the same period of FY19, and 32.7 per cent increase over 2020. Growth was attributed to both the sales channels, with Europe, Americas and Asia contributing to the acceleration, according to the company.

 

Italian fashion brand Brunello Cucinelli posted a 9.4 per cent revenue growth to €502.6 million in third quarter (Q3) of FY21 ended on September 30, 2021, against €459.2 million in the same period of FY19, and 32.7 per cent increase over 2020. Growth was attributed to both the sales channels, with Europe, Americas and Asia contributing to the acceleration.#

"The first nine months of the year have gone very, very well indeed; the autumn winter 2021 collections are proving very successful worldwide and everywhere we are seeing a strong desire to return to physical stores. We honestly couldn't have imagined such an excellent result just a year ago. All this leads us to envisage that we will end the current year with a wonderful 25 per cent growth in turnover compared to 2020,” Brunello Cucinelli, executive chairman and creative director of the company, said in a press release.

 

Italian fashion brand Brunello Cucinelli posted a 9.4 per cent revenue growth to €502.6 million in third quarter (Q3) of FY21 ended on September 30, 2021, against €459.2 million in the same period of FY19, and 32.7 per cent increase over 2020. Growth was attributed to both the sales channels, with Europe, Americas and Asia contributing to the acceleration.#

Sales from European market grew 14 per cent to €151.4 million over 2019. In the main European cities and capitals in recent weeks the luxury brand saw a good increase in traffic in line with the strengthening of regional tourism flow and the first arrivals of international customers, particularly from North America. Sales from Italy still remained 6.9 per cent below the 2019 levels implying a growth of the domestic component of demand, in the absence of a marked recovery of the flow of tourism.

 

Italian fashion brand Brunello Cucinelli posted a 9.4 per cent revenue growth to €502.6 million in third quarter (Q3) of FY21 ended on September 30, 2021, against €459.2 million in the same period of FY19, and 32.7 per cent increase over 2020. Growth was attributed to both the sales channels, with Europe, Americas and Asia contributing to the acceleration.#

In the meantime, the American market showed solidity and a progressive growth with sales growing 37.4 per cent to €161.3 million compared to 2019 levels. Asian market also recovered well with 18.0 per cent surge in sales to €119.0 million.

 

Italian fashion brand Brunello Cucinelli posted a 9.4 per cent revenue growth to €502.6 million in third quarter (Q3) of FY21 ended on September 30, 2021, against €459.2 million in the same period of FY19, and 32.7 per cent increase over 2020. Growth was attributed to both the sales channels, with Europe, Americas and Asia contributing to the acceleration.#

By distribution channel, retail sales accelerated 15.6 per cent to €264.8 million, while wholesale sales advanced 3.3 per cent to €237.7 million.