Europe saw revenues grow by 13.9% year-on-year to €108.8 million and made up 35.2% of total sales, while the brand’s home market of Italy alone had growth of 26.8%. Meanwhile, the Americas had an increase of 19.5% to €114.2 million and accounted for 36.9% of sales. Asia saw sales increase by 16% to €86.1 million, accounting for 27.9% of revenues, with growth in all of the major markets including China, Japan, South Korea and the Middle East.

Growth was 15% for the retail channel, which had total revenues of €188.6 million, making up 61% of all sales. Meanwhile, the wholesale channel was up 19% to €120.5 million, with particularly strength in the Spring Summer 2024 collections.

Looking forward, Brunello Cucinelli is expecting sales growth of around 10% for the whole of fiscal 2024, with a similar growth expected in 2025.

Executive Chairman Brunello Cucinelli said: “The first quarter of this year closed with excellent sales results that perfectly reflect the favour that our collections and lifestyle are garnering all over the world. The abundant accumulation of orders for the Autumn-Winter 2024 collections – both men’s and women’s – and the strongly positive nature of the comments from international journalists and major multibrands with regard to our ‘gentle luxury’ style, lead us to reiterate our expectations for the 2024 full year with renewed conviction: one of revenue growth in the region of 10% and a healthy and fair profit.”