In terms of sales channels, the retail channel accounted for 65.5 percent of total revenue, which included around 10 percent within luxury department stores. The wholesale channel contributed 34.5 percent of the total. The retail channel alone generated revenue of €746.7 million, a significant increase of 30.2 percent compared to 2022. The wholesale channel also experienced healthy growth, with sales reaching €392.7 million. , which represents 13.4 percent year-on-year (year-on-year). increase, the company said in a news release.
Brunello Cucinelli's revenue in FY23 reached a record €1,139.5 million, up 23.9 percent from FY22. Retail sales, which account for 65.5 percent of the total, they grew by 30.2 percent to 746.7 million euros, while wholesalers increased by 13.4 percent to 392.7 million euros. Europe, the Americas and Asia experienced significant growth, with fourth-quarter revenue increasing 15.6 percent year-on-year to €321 million.
Geographically, Brunello Cucinelli's success spread across several regions. Europe generated revenue of €428.1 million, up 16.8 percent year-on-year and accounting for 37.6 percent of total sales. America recorded a turnover of 404.4 million euros, a year-on-year increase of 20.8 percent and represented 35.5 percent of sales. Asia showed notable growth with revenue of €306.8 million, a substantial increase of 40.4 percent compared to 2022, and contributed 26.9 percent of total sales.
Revenue for the fourth quarter (Q4) amounted to €321 million, up 15.6 percent from the fourth quarter of FY22.
“Another year that we consider especially significant and noble for the brand has ended, with an increase in sales volume of 23.9 percent and, given the excellent quality of sales, we expect very good profits. “We are also honored by the image that our fashion house conveys to the world of craftsmanship and luxury lifestyle,” he said. Brunello Cucinelli, executive president and creative director of the fashion house.
Fiber2Fashion News Desk (DP)
