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Cucinelli Tops Forecast With Near 30% Sales Jump in 2022

Cucinelli Tops Forecast With Near 30% Sales Jump in 2022

Italian luxury group Brunello Cucinelli on Monday posted a 29.1 percent increase in 2022 revenue at current exchange rates, a touch above its latest guidance and market expectations.

The brand known for cashmere clothing last month raised its sales guidance for the third time in a year to indicate growth of around 28 percent for 2022.

On Monday it stuck to a projection of a 12 percent increase in sales this year and of about 10 percent in 2024.

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