244
Fashion Jobs
H&M
Visual Merchandiser Manager- Newmarket
Permanent · AUCKLAND
L'OREAL GROUP
Operations & Transport Manager
Permanent · AUCKLAND
ABBOTT
Tpm Contract Manufacturing Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Optometrist - Opsm Rotorua
Permanent · ROTORUA
DANGERFIELD
Online Coordinator
Permanent · AUCKLAND
PUMA
Key Account Manager nz
Permanent · AUCKLAND
L'OREAL GROUP
Key Account Manager
Permanent · AUCKLAND
PETER ALEXANDER
Part Time - Sales Assistant - Peter Alexander nz - Queenstown
Permanent · QUEENSTOWN
FOOT LOCKER
Sales Associate Casual
Permanent · LOWER HUTT
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Manukau
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Dunedin
Permanent · DUNEDIN
ESSILORLUXOTTICA GROUP
Retail Associate | Opsm Rangiora Eyecare
Permanent · CANTERBURY
PETER ALEXANDER
2 x Casual - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
PETER ALEXANDER
2 x Part Time - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
LULULEMON
Assistant Manager | Christchurch (Tuesday - Saturday Rotation)
Permanent · CHRISTCHURCH
ICEBREAKER
Icebreaker : Sales Associate, Casual - Wellington Airport Touchlab
Permanent · WELLINGTON
DFS
Personal Shopper
Permanent · AUCKLAND
H&M
Department Manager- Chartwell (Hamilton)
Permanent · HAMILTON
H&M
Store Manager Wellington
Permanent · WELLINGTON
H&M
Sales Advisor- 28h
Permanent · AUCKLAND
H&M
Assistant Store Manager- Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager- Sylvia Park
Permanent · AUCKLAND
Published
Mar 8, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

Brunello Cucinelli hits 500 million euros in 2017

Published
Mar 8, 2018

Brunello Cucinelli announced another stellar year on Wednesday, confirming a revenue rise of over 10 percent for its full-year ended December 31, 2017.

The Italian luxury cashmere label reported a revenue of €503.6 million, up 10.4 percent at current exchange rates (up 10.9 percent at constant exchange rate), while net income rose 13.4 percent to €42.1 million.


Brunello Cucinelli



The results left group founder and CEO Brunello Cucinelli particularly optimistic about the year to come, on the back of growth in both the brand's online and store segments; helping reach the €500 million revenue threshold.
 
“The good performance in our spring sales, the excellent sales campaign in fall/winter 2018 - which is now coming to an end - and the very special feedback from the national and international trade press seem to indicate that yet another positive year lies ahead, featuring double digit growth in terms of both revenues and profit,” said Cucinelli.

During the year, group sales rose steadily across all channels and markets with direct retail sales climbing 19.6 percent, wholesale monobrand sales up 1.5 percent and wholesale multibrand sales jumping 6.2 percent.
 
In North America, Cucinelli's most important market, sales jumped 6.6 percent reaching €178.7 million, representing 35.5 percent of the brand’s total sales.  
 
Meanwhile, sales in Europe grew 10.6 percent, with revenues of €150.9 million, accounting for nearly one third of the group's revenue. Sales were mainly supported by top-end tourists and above all local customers.
 
The label again notably skyrocketed in Greater China with a significant increase of 36.2 percent through its 18 direct boutiques in the whole of Greater China and a presence in exclusive multibrand boutiques.
 
“We have an extremely strong desire to protect the brand’s exclusivity and allure in Greater China and in fact we believe that a limited distribution can ensure its appeal, protecting it and maintaining the exclusivity sought after by our end customers,” the company said.
 
Finally, the Italian market also had a sale rise of 11.2 percent in revenue, which reached €84.7 million, while the company saw a growth of 5.2 percent, with sales hitting €46.7 million throughout the rest of the world.
 
The network of Cucinelli branded stores includes 124 shops, which 94 are directly operated.

Copyright © 2024 FashionNetwork.com All rights reserved.