By  on May 7, 2008

MILAN — Brunello Cucinelli SpA said Tuesday earnings soared 76.6 percent in 2007, following “important” growth in emerging markets.

The luxury knitwear and sportswear company, known for its high-end cashmere, also forecast sales growth of 20 percent this year.

For the 12 months ending Dec. 31, profits before taxes reached 6.59 million euros, or $9 million at average exchange rate for the period, on sales of 120.6 million euros or $165.3 million, up 32.4 percent.

The group forecast sales of 145 million euros in 2008.

In the last two years, Brunello Cucinelli has expanded its retail reach internationally via a partnership network. The label currently counts 30 monobrand stores and over 1,000 points of sale.

To access this article, click here to subscribe or to log in.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus