By  on March 10, 2014

MILAN — Brunello Cucinelli SpA had double-digit increases in profits and sales last year — and is predicting the same for 2014.

“We strongly believe in the absolute luxury segment, and as we are still a very young company, we think an interesting and serene working future lies ahead for our people, our suppliers we really care about and our territory,” said founder, chairman and managing director Brunello Cucinelli as his company reported a 10.9 percent increase in net profits to 29.6 million euros, or $39 million, for the year ended Dec. 31.

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