By  on March 25, 2009

MILAN — Cashmere is still king even in a downturn, at least according to Italy’s Brunello Cucinelli SpA.

On Tuesday, the luxury knitwear and sportswear company forecast 10 percent growth in 2009 sales to 159 million euros, or $216.8 million, after registering a 22.6 percent gain in pretax profits in 2008.

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