MILAN — Even in an economic downturn, Brunello Cucinelli seems to stay in style. In its first-quarter results, the Solomeo-based company showed that sales momentum shows no signs of slowing down, as its key markets posted healthy growth despite consumer spending slowdown across the globe. This trend continued into the first half of April, during which the company cited an “upward trend.”
In the first quarter of 2025, its revenues rose 10.5 percent to 341.5 million euros compared to 309.1 million euros reported a year ago. The strong performance was driven by growth in its primary geographic areas: the Americas were up 10.3 percent, Europe rose 10.1 percent and Asia led gains, rising 11.3 percent.
As a result, Cucinell’s namesake maintained guidance confirmed in January of revenue growth of around 10 percent in both 2025 and 2026. At the time, the company reported record revenues of 1.28 billion euros and affirmed its intention of doubling 2023 turnover by 2030.
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Cucinelli, who holds the role of executive chairman and creative director, urged the company’s employees and external collaborators to remain “gracious, united and focused” until the world economy finds stability.
“We regard this as a truly “special” moment for the world at large. We believe that such challenges are cyclical by nature and part of the broader human experience; and we sincerely hope that the tensions of today may give way to a spirit of collaboration among people, paving the way for a future enriched by generosity and courage,” he said.
In the first three months of 2025, retail sales rose 11.9 percent, while wholesale were up 8.2 percent.
