Lifted by growth in all its markets and at both its retail and wholesale divisions, Brunello Cucinelli SpA reported 2015 preliminary revenues of 414 million euros, or 455.4 million, up 16.3 percent compared with 355.9 million euros, or $473.3 million, in the previous year. At constant exchange, sales grew 9.5 percent.Brunello Cucinelli, chairman and chief executive officer, said "2015 has come to an end reporting 'excellent' results in terms of revenues growth and, considering the quality of our sales, we are prone to believe that the same will also feature in profits. The image enjoyed by the brand worldwide is also excellent; the winter 2015 sell-out rate has been very positive and the spring 2016 collection sales are off to a really good start."Cucinelli continued: "We still perceive a powerful demand for very high-end apparel, expressing the Italian way of 'dressing well' and made with the intention of embodying the great values upon which we have built our business. In the light of these considerations, we envisage a 'very positive' 2016 with double-digit growth."In the 12 months ended Dec. 31, international markets represented 82.9 percent of total sales, gaining 19.4 percent compared with sales a year earlier.Italy accounted for 17.1 percent of sales, increasing 3.7 percent to 71 million euros, or $78.1 million.Last year, Europe, excluding Italy, accounted for 31.1 percent of total sales and was up 10.4 percent to 128.8 million euros, or $141.7 million. The region benefited from rising tourist flows and the company reported solid results achieved in all countries of the area, including Eastern Europe, Russia and the former U.S.S.R. states.In North America, sales grew 27.5 percent to 156.6 million euros, or $172.2 million, representing 37.8 percent of total. The gain was boosted by a growing demand both local and tourist-driven and was positively affected by the exchange rate trend.Sales in greater China gained 23.4 percent reaching 25.7 million euros, or $28.2 million, representing 6.2 percent of total.In the rest of the world, revenues rose 18.2 percent to 31.9 million euros, or $35.1 million, representing 7.7 of total.Globally, Brunello Cucinello's retail channel increased 30 percent to 193 million euros, or $212.3 million, representing 46.6 percent of total. Like-for-like sales posted a 5.4 percent increase.The direct monobrand network comprised 81 boutiques, compared with 71 units at the end of Dec. 2014. There were also 36 wholesale monobrand banners.As of Dec. 31, net debt stood at 56 million euros, or $61.6 million, compared with 42.6 million euro, or $56.6 million, at the end of Dec. 2014, an increase the company said was related to the investment pattern and seasonality of the business.Last year, the company ended an investment project cycle initiated in 2013, spending a total of approximately 120 million euros, or $132 million, mainly directed at building its retail network and extending its production plant in Italy's Solomeo. Of this figure, approximately 40 million euros, or $44 million, were invested in 2015. The luxury firm is now working on strengthening its technical platform and presence in the digital world, with investments that will continue into 2016 as part of what is dubbed the “Great Internet Project."Dollar figures were converted from the euro at average exchange rates for the periods they refer to.Final and approved figures for the year will be released on March 10.
“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