North America, Europe and China helped lift sales in the third quarter, although revenues were down 17.5 percent in the nine months ended Sept. 30.
In an open letter, the designer pointed that the pandemic highlighted the necessity to find a new balance with nature, to nourish diversity and exalt the power of culture.
Sales were up 3.6 percent in the period and Cucinelli is already eyeing 2021, when the company expects a growth of about 15 percent.
Chanel is reported to be paying 70 million pounds more than the asking price for the site of its flagship on New Bond Street, London’s hottest luxury strip.
The Brunello Cucinelli company won’t play defense in the post-COVID-19 scenario and will continue to invest on its retail network.
The entrepreneur spoke about the future as he reported a 2.3 percent decrease in his namesake company’s Q1 sales, dented by the coronavirus crisis.
The capsule will span across men’s, women’s and kids’ wear.