MILAN — Growth in all markets except Italy and gains at its retail and wholesale channels helped Brunello Cucinelli SpA close the first nine months of the year with a 25.3 percent increase in net profits, excluding nonrecurring costs associated with its initial public offering in April.
In the period ended Sept. 30, earnings reached 21.3 million euros, or $27.2 million. Including the IPO expenses, the Italian luxury company posted a net profit of 17 million euros, or $21.7 million, in line with the same period last year.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"