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.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast