Italian trend model Brunello Cucinelli posts 9.4{fdea926487ee02bc2a16665f4e739ad758d7dc214db60dfbdf50512f75114598} gross sales leap in Q3


Italian luxurious trend model Brunello Cucinelli has posted a 9.4 per cent income progress to €502.6 million within the third quarter (Q3) of FY21 ended on September 30, 2021, towards the gross sales of €459.2 million in the identical interval of FY19, and 32.7 per cent enhance over 2020. Progress was attributed to each the gross sales channels, with Europe, Americas and Asia contributing to the acceleration, in keeping with the corporate.

 

Italian trend model Brunello Cucinelli posted a 9.4 per cent income progress to €502.6 million in third quarter (Q3) of FY21 ended on September 30, 2021, towards €459.2 million in the identical interval of FY19, and 32.7 per cent enhance over 2020. Progress was attributed to each the gross sales channels, with Europe, Americas and Asia contributing to the acceleration.

“The primary 9 months of the 12 months have gone very, very properly certainly; the autumn winter 2021 collections are proving very profitable worldwide and all over the place we’re seeing a powerful need to return to bodily shops. We actually could not have imagined such a superb end result only a 12 months in the past. All this leads us to envisage that we are going to finish the present 12 months with an exquisite 25 per cent progress in turnover in comparison with 2020,” Brunello Cucinelli, govt chairman and inventive director of the corporate, mentioned in a press launch.

 

Italian trend model Brunello Cucinelli posted a 9.4 per cent income progress to €502.6 million in third quarter (Q3) of FY21 ended on September 30, 2021, towards €459.2 million in the identical interval of FY19, and 32.7 per cent enhance over 2020. Progress was attributed to each the gross sales channels, with Europe, Americas and Asia contributing to the acceleration.

Gross sales from European market grew 14 per cent to €151.4 million over 2019. In the primary European cities and capitals in current weeks the luxurious model noticed a great enhance in visitors in step with the strengthening of regional tourism circulation and the primary arrivals of worldwide prospects, notably from North America. Gross sales from Italy nonetheless remained 6.9 per cent beneath the 2019 ranges implying a progress of the home part of demand, within the absence of a marked restoration of the circulation of tourism.

 

Italian trend model Brunello Cucinelli posted a 9.4 per cent income progress to €502.6 million in third quarter (Q3) of FY21 ended on September 30, 2021, towards €459.2 million in the identical interval of FY19, and 32.7 per cent enhance over 2020. Progress was attributed to each the gross sales channels, with Europe, Americas and Asia contributing to the acceleration.

Within the meantime, the American market confirmed solidity and a progressive progress with gross sales rising 37.4 per cent to €161.3 million in comparison with 2019 ranges. Asian market additionally recovered properly with 18.0 per cent surge in gross sales to €119.0 million.

 

Italian trend model Brunello Cucinelli posted a 9.4 per cent income progress to €502.6 million in third quarter (Q3) of FY21 ended on September 30, 2021, towards €459.2 million in the identical interval of FY19, and 32.7 per cent enhance over 2020. Progress was attributed to each the gross sales channels, with Europe, Americas and Asia contributing to the acceleration.

By distribution channel, retail gross sales accelerated 15.6 per cent to €264.8 million, whereas wholesale gross sales superior 3.3 per cent to €237.7 million.

Fibre2Fashion Information Desk (JL)

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