MILAN — Brunello Cucinelli SpA continued to grow in the first quarter of the year, boosted by increased sales globally that offset a soft performance in Italy.
In the period ended March 31, the Italian luxury brand reported net profits, excluding the effects of capital gains, of 8.2 million euros, or $10.8 million, up 14.8 percent compared with 7.2 million euros, or $9.4 million in the same period last year. Including the effect of capital gains, net profit totaled 8.8 million euros, or $11.6 million, up 11.9 percent compared with 7.9 million euros, or $10.3 million, in 2012.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)