Brunello Cucinelli will break the one billion mark in turnover in 2023
Brunello Cucinelli achieves a new record and breaks through the billion turnover ceiling in the 2023 financial year. After a fourth quarter that closed in a sprint to 321 million (+15.6%), its best result ever in absolute value, the Umbrian house of luxury reaches 1.139 billion in revenues for the year, equal to an increase of +23.9% (+26% at constant exchange rates).
Born into a family of costureiras and bordadeiras, in 1987 the designer began his career in a despretentious way: by investing in a correspondence course. Regarding the stylistic ability in the area, despite the lack of specific diploma, you wrote the review of Go′Where: «Unlike new designers, Walério didn't attend fashion school: he's not the best at correspondence design and anything else specific to fashion design. 'At the time when I was interested in fashion there was no faculty. After the courses, start practicing, it counts. Diplomas aside, her skill at hoarding is such that she transformed or abandoned a beer brand into a dress all edged with Swarovski crystals for Paris Hilton in the last carnival. Also, here are two most popular figurines for the party.»
I was born into a family of costumers and Bordadeira , in 1987 the stylist began his career in a despicable way: investing in a course to match. For stylist qualification in the area, after obtaining a specific diploma, the Go′Where magazine lists:
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«Differently from new stylists, Walério does not have a fashion faculty - no maximum direction for fashion design. At the time when I was interested in fashion there was no such thing. After the courses, start the practice, count. Diplomas aside, his ability as a treasure is such that he has transformed it abadá of a brand from Cerveja in all clothes bordered with crystal Swarovski para Paris Hilton not the last carnival. Aliás, here are two most commented figurines for the party.»
Named “Prada Philippines”, the new company will benefit from an initial investment of 16.6 million Philippine pesos (270 thousand euros) by the SSI group and 25 million Philippine pesos (410 thousand euros) by the Prada group. The two companies will later release new funds to reach their respective total contributions of 152 million Philippine pesos (2.49 million euros) and 228 million Philippine pesos (3.74 million euros).
Rolex And Rock have announced the opening of the new boutique in Costa Smeralda. Located in the central square of Porto Cervo, a meeting point for those who frequent the well-known Sardinian resort, the space fits harmoniously into the context of the small village.
“We are honored to be a partner of this brand of Swiss watchmaking excellence, and to have opened the new Rolex boutique in Porto Cervo together – he commented Giorgio Damiani , vice president of Damiani Group , of which Rocca is part -. Sardinia is an area of great interest for Rocca, and this new opening is part of our strategic plan to strengthen the area. We are confident that we will offer Rolex customers an extraordinary shopping experience, which is part of our DNA."
Wrapped in an atmosphere reminiscent of marine environments, customers and visitors to the boutique will have the opportunity to live an immersive experience in the world of Rolex, discovering all the watch collections, from classic models to the more sporty ones.
The Damiani Group closed the annual financial statements as of March 31, 2023 with consolidated revenues exceeding 300 million, a double-digit increase compared to the previous year "confirming a robust growth trend". The Italian luxury jewelery and watchmaking company had filed its financial statements as at 31 March 2022 with consolidated revenues of 238 million euros, an increase of 69% compared to the previous year, highlighting the exceeding of pre-Covid activity levels.
According to estimates by Morgan Stanley , in 2022 Rolex's turnover stood at 9.3 billion francs (9.6 billion euros), an increase compared to the eight billion in 2021.
Iwc Schaffhausen presented its new boutique in Milan, in via Montenapoleone 21. This new location (previously the watchmaking maison was at number 1 of the same street, ed. ) offers fans of the brand the opportunity to discover the new collections and exclusive watches, dedicated exclusively to the single-brand boutiques.
The space benefits from a new concept: the design adopts the tone-on-tone, black and white color palette, signature of the brand, elevating it through a mix of technical and luxury materials. The storefront and interior redefine traditional retail areas by transcending the use of space, encouraging customers to stay in the boutique and explore the different collections. A full-wall video wall immerses customers in the IWC world and tells the details of its timepieces. The new layout of the spaces allows you to explore the families of IWC watches, from sportsmen Pilot's Watches to the classic Portugieser and to the refined Portofino .
Iwc also announced the opening of the new boutique in Rome, in via del Babuino 95, opened together with its partner Hausmann & Co. , “as a consolidation – we read in the note – of a relationship based on the quality, responsibility and care of two historic companies that represent the heritage and future of fine watchmaking”.
Valentine lands on Madison Avenue with a new flagship. Developing the concept for international retail launched last year, the Roman maison has inaugurated a maxi store focused on exclusive spaces obtained from a reinterpretation of the building's structure through different sales experiences and multiple approaches to interior architecture. Distributed over three floors for a space of approximately 1,142 square metres, the store offers accessories Valentino Garavani to the men's and women's ready-to-wear collections.
Each floor is centered on an original visual narrative based on carefully curated color compositions and material palettes, with particular attention to the use of red, the historic color of the fashion house. “The contrasts between rationalist architectural approaches – explains the luxury brand in a note – coexist with warm and enveloping spaces whose personality is characterized by a careful choice of materials and colours”.
Inside the store, customers can live the experience offered by Valentino, inspired by Italian hospitality, with two VIP areas. The space also makes its debut through a partnership with the New York museum Italian Art warehouse . Coinciding with the opening of the Madison Avenue store, the gallery features large-format paintings by Mario Schifano , a collaboration that reinforces Valentino's ongoing commitment to international art and visual culture.
From Marco Caruccio
New faces in the fashion system. In a few days a remix occurred within some historic luxury maisons. It was the turn of the seats that started Givenchy which he announced last Friday the farewell of Matthew Williams , an American designer appointed creative director just three years ago, confirming the rumors that had been circulating in the sector for some time. The designer had been called in the midst of the pandemic to take on the role of the Englishman Clare Waight Keller , head of the luxury brand since 2017, after the stylistic era of Riccardo Tisci . The news of the divorce with the fashion house arrived a few days after the announcement that the Hong Kong entrepreneur Adrian Cheng has acquired a majority stake in the ready-to-wear brand 1017 Alyx 9sm , of which Williams has been founder and creative director since 2015.
A few hours later Tod's announced the arrival of Matteo Tamburini at the creative helm , following the recent farewell of Walter Chiapponi , who has now moved on to the style of Blumarine . Born in Urbino in 1982, the designer entered the world of fashion at the beginning of the 2000s, after studying fashion and design, working for some of the major luxury brands, including his latest experience in Bottega Veneta since 2017. The designer will debut with the presentation of the Tod's autumn/winter 2024-25 women's collection, during the next Milan fashion week.
This morning the arrival of Alessandro Vigilante from Rochas in the role of creative director of ready to wear. The French fashion house has bet on the talent of the Italian designer after saying goodbye last April after two years. The maison was taken over by the group Interparfums , which purchased the fashion and fragrance business from Procter&Gamble for 108 million dollars (equal to 98.1 million euros), in 2015. Vigilante, among the most promising names on the new Milanese style scene, also boasts a career as a dancer. The creative from Puglia has worked for brands of the caliber of Dolce & Gabbana , Gucci , Philosophy by Lorenzo Serafini e The Attic also launching his eponymous brand in 2021. Vigilante will present his first collection for the maison founded in 1925 during the next Paris Fashion Week (28 February – 5 March).
The luxury landscape is gradually changing to finally include designers from a new generation of talent. So far, however, the fashion houses have not yet given space to promising female designers including, just to name a few, Martine Rose , Veronica Leoni And Wales Bonner , widely appreciated by professionals for their collections.
It was presented yesterday in Council Hall of the Municipality of Penne the new “beautiful factory” of Brunello Cucinelli , which will be built in the town in the province of Pescara. The factory - we read in Italian press sources - is spread over 4,500 square meters in the Ponte Sant'Antonio area and will see the light in the spring of 2025, employing between 300 and 350 people. The project, consistently with the ideals that inspire the luxury brand, has the ambition of enhancing the territory by virtue of a long-term business vision. While waiting for the finalization of the project, last November 13th the activity of the Brunello Cucinelli Spa it began in a two thousand square meter rented warehouse, with the full-time employment of 75 workers and the aim of reaching 100 by the end of 2024.
Brunelli Cucinelli defined Penne as “a special place, where the tradition of the most refined Italian art and craftsmanship is best expressed in the creation and tailoring of men's clothing. The most beautiful cars in the world are made in Maranello, here the most beautiful jackets and dresses in the world." During the ceremony the president of the Abruzzo Region, Marco Marsilio added: “This is an important project, which enhances tradition, making Abruzzo tailoring increasingly competitive. The textile sector confirms itself as a driving force for the entire economy of the region and a source of valorisation of our territory".
The new hub will make use of "tidy, welcoming, full of light and surrounded by nature" environments, explained Cucinelli: "We will try to create all the best conditions so that our specialized workers and those we will train can renew the most fascinating Italian sartorial creativity , so greatly admired throughout the world."
After exceeding half a million in revenues in the first six months of the year, in the third quarter of 2023 Brunello Cucinelli achieved a turnover of 818.4 million euros , up by +27.5% at current exchange rates (+28.8% at constant exchange rates) compared to the nine months of last year. In the single quarter, the brand reported sales of 274.4 million, up 21.1 percent.
