MILAN — A rise in global exports and growth in all its sales channels lifted Brunello Cucinelli SpA revenues in the first six months of the year. In the period ended June 30, the Italian luxury firm posted preliminary revenues of 175.8 million euros, or $239 million, up 11.6 percent compared with 157.6 million euros, or $206.4 million, in the same period last year. “We are really proud of the way our industry is performing. We have the impression that at a global level a clear-cut distinction is emerging between products strongly exhibiting quality, exclusivity, manual work and recognizability — clearly expensive products — on the one hand, and other well-made industrially manufactured products that are manufactured anywhere else in the world and sold at a convenient price on the other hand,” said Brunello Cucinelli, chairman and chief executive officer. “We therefore keep supporting and investing strongly in our uniqueness and in the recognizability of Made in Italy.RELATED CONTENT: WWD Earnings Tracker >>“Given the time of the year, the orders that have already been placed and the quality of the sales, we can envision another special year with a double-digit growth in terms of both revenues and profitability.” The entrepreneur highlighted a perception of “important signs that point to an economic recovery of our country, but also to a moral, civil, spiritual and political one.”In the first half, exports grew 15 percent and accounted for 79.4 percent of revenues. The North American market rose 18.2 percent to 55.4 million euros, or $75.3 million, representing 31.5 percent of total sales. Revenues in Europe climbed 9.5 percent to 60 million euros, or $81.6 million, accounting for 34.2 percent of total sales, lifted by a dynamic top-end tourist flow.Greater China grew 43.5 percent to 10.4 million euros, or $14.1 million, representing 5.9 percent of total sales. The performance was boosted by the conversion of wholesale boutiques to directly operated units, including three in Hong Kong in the past 12 months. At the end of June, the group counted 19 boutiques in Greater China.Sales in the Rest of the World rose 10.3 percent to 13.7 million euros, or $18.6 million, representing 7.8 percent of total sales. The company recently opened boutiques in Seoul and São Paulo, which it cited as an important reference point for the domestic customer and a starting presence for future growth in the Brazilian market.Italy inched up 0.2 percent to 36.3 million euros, or $49.3 million, representing 20.6 percent of total sales. The company noted a pickup in the trend of sales locally in the first half of the year, bolstered by the results of the monobrand boutiques and orders in the multibrand channel. It also pointed to a “large flow of foreign tourists.”Dollar amounts are converted at average exchange for the periods to which they refer.The retail monobrand channel rose 22.9 percent to revenues of 62.4 million euros, or $84.8 million, representing 35.5 percent of total sales. The wholesale monobrand channel grew 6 percent to 21.8 million euros, or $29.6 million, accounting for 12.4 percent of total sales.The multibrand sales channel increased 6.3 percent to 91.6 million euros, or $124.5 million (52.1 percent of total sales).Full financial reports for the first six months of the year will be released on Aug. 27.
“I design by visualization. I see things, and most of the time they’re not practical to actually make, and what I’ve found here, it’s like anything’s possible. This is the first time that I’ve made a sole unit in two months. That process usually would take six, so here’s a difference,” said @virgilabloh of the first sneaker sample he created for @louisvuitton, pictured here. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion (📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim
“I genuinely fell in love with water, I fell in love with Fiji, I fell in love with the whole life that we lived for those few months,” says @mrsamclaflin of filming for his new movie “Adrift” with @shailenewoodley. The 31-year-old actor spoke with WWD about his upcoming projects, meeting Jamie Dornan and working with co-star Woodley. #wwdeye (📷: @jamstoker)
3 years ago, fans of the late singer Aaliyah started calling for a collaboration with @maccosmetics. With the strength of social media — including mock ups of products — 25,000 people signed a Change.org petition for a limited-edition collection, and MAC couldn’t ignore the buzz. Tomorrow, MAC will unveil MAC x Aaliyah, a tribute to the singer who passed away nearly 17 years ago. Head to our stories to preview the new collection, which was worked on by Aaliyah’s family and inspired directly by her makeup bag. #wwdbeauty
Artistic director @clarewaightkeller will be dedicating @givenchyofficial’s fall 2018 couture show in Paris on July 1 to house founder Hubert de Givenchy, who passed away in March at age 91. Givenchy said the collection would be “an homage to his iconic creations, technique, and personal lexicon” and a “celebration of his timeless elegance and grace.” Head to WWD.com to read more. #wwdfashion (📷: Delphine Achard)
La Double J made a name for itself with its vintage-inspired prints, but for resort, designer JJ Martin has ventured into new territory: enter rich jewel toned solids and decadent embellishment, in the form of appliqués, crystals and sequins. #wwdfashion #resort19 #ladoublej
This Just In: J. Crew Group has named Johanna Uurasjarvi as its chief design officer.
Uurasjarvi succeeds Somsack Sikhounmuong, who left the company last September. Tap the link in bio for the full report. #wwdnews
“She came into my hotel room and she was like, ‘I have Chanel and Christian Dior.’ She was like, ‘Chanel likes you.’ And I was like, ‘I’m going to start crying,’” breakout star Maddie Hasson tells WWD of her styling sessions Molly Dickson. “I really like classic, elegant things. I love the way Anna Wintour dresses.” Read more about Hasson’s role in @impulseseries on wwd.com. (📸: @jgreenery ) #wwdeye
@virgilabloh revealed he's working with Australian stylist and
Vogue Australia fashion director @christinecentenera for his debut @louisvuitton men's collection, which will be presented in Paris on June 21. Centenera met Abloh while both working with Kanye West, where she consulted on his all his runway collections since his debut spring 2012 women's wear show. Read the full story on WWD.com. #wwdfashion #wwdnews (📷: @asussmanphoto)