Growing Brunello Cucinelli expands Italian production
Italian luxury group Brunello Cucinelli has reported revenues of €620.7 million for the first half of the year, an increase of 14% compared with the same period last year, as it brings more manufacturing inhouse, with new production facilities planned in Italy.
The group, which sells leather jackets for more than £7,500, plans to double the size of its Solomeo factory and open new facilities at Penne, Abruzzo and Gubbio, Umbria – “districts of excellence in artisan tailoring” – for men’s outerwear and suits.
“This process of bringing parts of the production of exclusive and very high-quality garments in-house results in lower incidence of production costs, although these are counterbalanced by higher operating costs, mainly for staff,” said the company in a statement.
CEO Brunello Cucinelli said of the results: “Sales were excellent, profits were positive and balanced, the brand is fit and healthy, and the feedback on our product offering was highly favourable. We completed the 2024 summer sales very successfully, and the winter sales were off to a very good start. All of this leads us to confirm our guidance of a revenue growth for FY 2024 of around 10%, with healthy and sustainable profits.”
Image: Calfskin trench coat with Thermore padding, made in Solomeo, retails for £10,500
