Brunello Cucinelli expects sales to double by 2030 after 'outstanding growth'

Since 2019, luxury brand Brunello Cucinelli’s sales have more than doubled. Now, after double-digit growth in 2024, the company expects to double its revenues by 2030.

In the 12 months ended 31 December, revenues reached €1.2 billion (£1 billion), with 'outstanding growth' of 12.2% at current exchange rates compared to the year prior. EBIT was up by 12.9% to  €211.7 million (£177.9 million), with a margin of 16.6%.

The luxury brand, which has four stores in London, including its flagship at 135-137 New Bond Street, reported its net income was up by 19.5% to €128.5 million (£108 million) thanks to capital gain from the sale of a minority stake in Lanificio Cariaggi to Chanel in May 2023.

Brunello Cucinelli, Executive Chairman and Creative Director of the Casa di Moda said: "Another year has drawn to a close — one we have deemed enchanting for our Casa di Moda —marked by a revenue growth of 12.4% and a profit increase of 19.5% compared to the 2023.

"This has been a pivotal year for the brand’s image, culminating in October 2024 with the prestigious American WWD John B. Fairchild Honor, awarded to us for our unwavering dedication to mastery, creativity, craftsmanship, exclusivity, and the dignity of mankind."

Brunello Cucinelli founded his couture house in 1978, originally specialising in Mongolian cashmere garments for women before expanding into full collections for both men and women.

Moving into the new year, sales in the first part of 2025 were "very positive", according to Cucinelli, with a very interesting sell-out of the Spring-Summer 2025 collections.

Looking ahead, the company has set a goal of turnover growth of approximately 10% for 2025 and 2026.
The company said that its sustainable growth project will lead, by 2030, to doubling its 2023 turnover.