MILAN — A solid performance around the world, in particular in the U.S. and Europe, lifted Brunello Cucinelli SpA revenues in the first half. In the period ended June 30, preliminary sales totaled 157.6 million euros, or $206.4 million, up 16.5 percent compared with 135.2 million euros, or $174.4 million, in the same period last year.
Dollar amounts have been converted at average exchange rates for the periods to which they refer.
“Results in terms of revenues confirm the robust international growth accompanying our brand. Given our sales’ high quality, we expect very interesting results in economic terms,” said Brunello Cucinelli. “Considering the excellent atmosphere surrounding the brand, we expect relevant double-digit growth in 2013, both in terms of revenues and profit.”
Sales in the U.S. rose 32.3 percent to 46.9 million euros, or $61.4 million, accounting for 29.8 percent of total sales, lifted by all distribution channels. As of June 30, the Italian luxury company counted 14 boutiques in the region.
Revenues in Europe gained 24.6 percent to 54.8 million euros, or $71.8 million, representing 34.8 percent of sales.
In Greater China, sales grew 16.8 percent to 7.2 million euros, or $9.4 million, accounting for 4.6 percent of sales. In a statement, the company cited local customers who are “showing a gradual and positive approach, with a growing interest in top-quality proposals displaying craftsmanship and the Made in Italy taste, not necessarily linked” to a logo. It was noted that the number of Chinese tourists shopping around the world is also increasing.
In line with the company’s controlled retail approach, stores in the region at the end of the first half totaled 18, of which 12 are directly controlled monobrand boutiques in mainland China and six wholesale monobrand boutiques (three in Hong Kong, two in Taiwan and one in Macau).
In the Rest of the World area, sales fell by 500,000 euros, or $655,000, to 12.4 million euros, or $16.2 million, “affected by the timing of certain deliveries straddling the end of the half-year, whose revenues materialized in July,” according to the company, which noted new openings in Tokyo and Doha in the period.
Sales in Italy eased 1.2 percent to 36.2 million euros, or $47.4 million, but the publicly listed firm cited growth in boutiques in the country’s main cities and resorts due to the flow of tourists. At the end of the first half, there were 15 stores in Italy, including new openings in Turin and Naples, in March and April, respectively.
Complete and final figures for the period will be released on Aug. 28.
My character, Dinah Madani, is just the coolest, [most] badass woman imaginable," says @amberroserevah. The actress stars in @marvel's newest series on @netflix, @thepunisher. To prepare for her role, Revah sat down with Homeland agents to get a real sense of with Dinah's day-to-day life is really like. Read our full interview on WWD.com. #wwdeye (📷: @jilliansollazzo)
A scene from the 91st annual @macys Thanksgiving Day Parade. The parade, which boasts 50 million TV viewers and 3.5 million on-site spectators, is considered one of the largest and most watched parades in the world. (📷: Jason Szenes/EPA-REX)
The circus came to @bloomingdales 59th Street on Tuesday night and lit up Lexington Avenue with acrobatic dancers, death-defying knife throwing, sword swallowing and aerial acts with no net. The 45 minutes of theatrics built up to unveiling the holiday windows depicting @swarovski crystal-encrusted circus pieces and scenes from “The Greatest Showman” – songs from the soundtrack included. See the rest of the photos on WWD.com #wwdfashion (📷: Joshua Scott)
The psychedelic fashion that pervaded the ’60s is back with an exhibit at the @museumofcityny. “Mode New York: Fashion Takes a Trip” chronicles the changing styles from 1960 through 1973 and features designers such as @ysl, @oscardelarenta and more. The exhibition, which is on display through April 1, is organized into four periods: First Lady Fasion, Youthquake, New Bohemia and New Nonchalance. Pictured here is model Pat Bardonella during the Garvey Day Parade in 1968. (📷: @kwamebphoto) #wwdeye #wwdfashion
“People should be a lot more honest in expressing both the dark and light of themselves. We need to give each other the space to do that because it’s the only way we can grow and evolve,” says @noelwells of her new film “Mr. Roosevelt,” which is largely based on her own struggles. Unexpectedly leaving @nbcsnl in 2014 after just one season, Wells felt set back in her self-esteem and career trajectory. She quickly refocused her energy to more personal projects, which led to the completion of “Mr. Roosevelt.” Read the rest of WWD’s interview with the “Master of None” actress on WWD.com #wwdeye (📷: @jilliansollazzo)
@barbrastreisand is giving fans a chance to see her perform up close in a new concert series, which makes its debut on @Netflix today. From behind-the-scenes takes to her concert performance in Miami last December, the two-hour streaming special captures Streisand in her element. Pictured here is the singer/actress photographed for WWD in 1963. (📷: Palmieri Tony) #wwdeye #wwdarchive
@chanel and @pharrell dropped what’s being dubbed as the world’s most exclusive sneakers yesterday. The Adidas Originals NMD Hu, which Williams designed in collaboration with Chanel and @adidasoriginals, has a waiting list of over 120K people who pre-registered online at chanelatcolette.fr –– and only 500 pairs are on sale. The singer predicted the resale value of the shoes could reach $40K. Read the full interview on WWD.com. Link in bio. #wwdfashion (📷: Dominique Maître)
@imanshumpert is diving deeper into his creative endeavors and relaunching his clothing line, Post 90s, and is helping to raise money for the hurricane victims in St. Maarten with a jersey he’s designed with his brother. The Cleveland Cavaliers player talked to WWD about kneeling during the national anthem, working with fashion brands and how he wants to be more than an @nba player. Read the interview on WWD.com #wwdfashion (📷: George Chinese)