MILAN — Brunello Cucinelli SpA reported preliminary 2012 revenues of 279 million euros, or $357.1 million, up 15 percent compared with 242.6 million euros, or $337.2 million, in 2011.
The Italian luxury firm went public on the Milan Stock Exchange on April 27, and through the cash generated by the initial public offering, it has been slashing its debt, which, as of Dec. 31, stood at 1 million euros, or $1.28 million, compared with 48 million euros, or $66.7 million, at the end of 2011.
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)