Cucinelli remains optimistic, but calls for caution in the upcoming months

Cucinelli remains optimistic, but calls for caution in the upcoming months

Brunello Cucinelli remains optimistic for its brand’s future performances. As he should, given that preliminary data approved on December 31st shows the brand’s revenue at 712 million euro, up 30.9% on 2020 and 17.2% on 2019 (the last pre-pandemic year). Yet, Covid-19 remains a concern. That’s why Mr. Cucinelli (in photo), calls for caution. “We must be very careful during the upcoming months – he says to MFF -, but I trust that we are close to getting back to normal”.

Cucinelli remains optimistic

“If somebody in Autumn of 2020 had forecasted our latest results – he said to Il Sole 24 Ore -, I would have called him/her a dreamer, or at least delirious optimism”. Yet, the dream came true. The financial newspaper defined the performance of the Umbria-based brands as “one of the best in the segment”. The entrepreneur, after the results and trust in his method, expects the next two years to have a “healthy and balanced” growth (of +10%). “The markets are open, with the USA heading the rest – he concludes -. Physical retail is having great success with local customers”.

Photo from Brunello Cucinelli

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