Fashion
Italy’s Brunello Cucinelli surpasses $1 bn in 9M 2025 revenues
Region-wise, Europe generated €370.6 million (+8.9 per cent), driven by domestic demand and luxury tourism, particularly from American clients. The Americas contributed €365.6 million (+9.2 per cent), with directly operated stores and luxury department stores performing strongly. Price adjustments offset new US tariffs without weakening demand. Asia posted the highest growth of 15.6 per cent to €283.4 million, with China maintaining double-digit momentum supported by the new Shanghai Pudong boutique, alongside positive contributions from Japan, South Korea, and a new Abu Dhabi opening.
Brunello Cucinelli has reported revenues of €1,019.6 million (~$1.19 billion) in the first nine months of 2025, up 10.8 per cent YoY.
Growth was broad-based: Europe rose 8.9 per cent, Americas 9.2 per cent, and Asia 15.6 per cent, led by China and new boutiques.
Retail gained 11.4 per cent, wholesale 9.7 per cent.
The group expects ~10 per cent growth in 2025 and 2026.
Retail revenues rose 11.4 per cent to €644.8 million, accounting for 63.2 per cent of the total, boosted by new boutiques and solid like-for-like growth. Wholesale advanced 9.7 per cent to €374.8 million, with around 400 prestigious multi-brand partners ensuring healthy sell-through. Orders for Spring-Summer 2026 closed with excellent results, Brunello Cucinelli said in a press release.
Inventory levels stood at 28.2 per cent of sales as of June 2025, consistent with the ready-to-wear model and historical averages, while being positioned as a creative resource to fuel prototyping and innovation. Exposure to Russia declined to 1.4 per cent of revenues (€14.8 million), with flagship stores closed due to sanctions but employees retained.
“We closed the first nine months of the year with excellent results in terms of turnover, with growth of 10.8 per cent at current exchange rates (11.3 per cent at constant exchange rates) and, given the quality of sales, we believe the same applies in terms of profit; we feel that the image of the brand clearly conveys how we seek to live and work,” said Brunello Cucinelli, executive chairman and creative director of the group. “Milan’s Women’s Fashion Week has now come to an end: our collection received extremely positive reviews for style, craftsmanship, quality, and exclusivity, and we are, of course, very pleased with this.”
In the third quarter (Q3) of 2025, revenues reached €335.5 million (~$392.5 million), up 12 per cent, with retail growing 13.9 per cent and wholesale 9.0 per cent. Growth remained broad-based across regions, supported by boutique openings in Abu Dhabi and Shanghai, strong demand for the Fall/Winter 2025 collection, and highly positive reception of Spring/Summer 2026. The company also prepares to launch an enhanced online boutique by year-end.
Brunello Cucinelli expects to close 2025 with revenue growth of around 10 per cent, supported by the strong sell-out of the Fall/Winter 2025 collection and balanced global performance.
With two new openings and two expansions planned in the final quarter, growth is expected to remain well-distributed across regions and channels. 2025 also marks an important investment year, with the 2024–2026 Made in Italy plan completed ahead of schedule and the Solomeo factory expansion securing capacity until 2035.
Looking ahead, the strong order intake and positive reception of the Spring/Summer 2026 collection reinforce management’s confidence in achieving a further 10 per cent revenue increase in 2026, accompanied by healthy and balanced profits, added the release.
Fibre2Fashion News Desk (SG)
By
Reuters
Published
October 15, 2025
Italy plans to apply an extra levy on some imported Chinese goods to help protect its fashion industry, government sources told Reuters on Wednesday. The move is aimed at avoiding unfair competition in the market for what is one of Italy’s key industries, the people said, asking not to be named.
“We will present a measure to tackle the ultra fast fashion phenomenon: an invasion of low-cost foreign products that damage our producers and put consumers at risk,” Industry Minister Adolfo Urso said in a statement at the end of a meeting with fashion industry representatives in Rome.
The government plans to intervene by adopting a scheme envisaged in a European Union directive on the so-called Extended Producer Responsibility (EPR), the sources said.
The charge will force manufacturers to cover the costs of collecting, sorting and recycling their products once they become waste. Some of Italy’s top fashion brands are themselves facing pressure to ensure that their subcontractors are in compliance with rules on workers’ rights.
Italian prosecutors have alleged that luxury shoemaker Tod’s failed to adequately oversee its suppliers in order to pursue higher profits. The company – which is not under investigation – said that it complies with the law. Five other luxury brands have already been put under judicial administration for similar reasons in Italy since the start of last year.
© Thomson Reuters 2025 All rights reserved.
The voting saw 17 votes for the amendment, six against and two abstentions.
The European Parliament’s legal affairs committee has approved its position on a series of changes to sustainability reporting and due diligence requirements for firms.
Fewer companies are required to report on sustainability and comply with due diligence obligations.
No civil liability exists at the EU level, but victims to receive full compensation from companies breaching due diligence obligations.
The European Commission originally proposed cutting the number of companies required to carry out social and environmental reporting by 80 per cent, whereas Parliament members (MEPs) want to reduce the scope further to cover only those companies with over 1,000 employees on an average and a net annual turnover above €450 million. This would also apply to sustainability reporting under taxonomy rules, i.e. a classification of sustainable investments.
For firms no longer covered by the rules, reporting would be voluntary, in line with Commission guidelines. To prevent large companies from shifting their reporting duties onto their smaller business partners, these would not be allowed to request information beyond the voluntary standards.
Sector-specific reporting would also become voluntary and existing sustainability reporting standards would be further simplified with a focus on quantitative information and on reducing the administrative and financial burden, an official release said.
The Commission would also establish a digital portal for companies with free access to templates, guidelines and information on all European Union (EU) reporting requirements complementing the European Single Access Point.
According to MEPs, due diligence rules requiring companies to prevent and limit their adverse impact on human rights and the environment should only apply to large EU businesses with more than 5,000 employees and a net yearly turnover above €1.5 billion, and to foreign businesses with a net turnover in the EU above the same threshold.
Instead of systematically asking for information required for their due diligence assessments from their business partners, MEPs want these companies to adopt a risk-based approach, whereby they only ask for the necessary information where there is a prospect of an adverse impact in their business partners’ activities.
In the case of firms outside the scope of the rules, this would be possible only as a last resort. Companies would still be required to prepare a transition plan aligning their strategy to a sustainable economy and the Paris Agreement.
Businesses should be liable for damages caused by breaches of due diligence obligations under national law, rather than at the EU level. The maximum fine level for offending companies would be at 5 per cent of their global turnover, and the Commission and EU member states should provide guidance for national authorities on these penalties.
Should the Parliament approve the committee mandate at the next plenary session, MEPs and EU governments should start negotiations on the final text of the legislation on 24 October.
The Commission presented its Omnibus I simplification package on 26 February. Besides rules simplifying due diligence requirements and sustainability reporting, it also contained file delaying application of these rules for some companies, which was approved by the European Parliament via urgent procedure in April this year.
Fibre2Fashion News Desk (DS)
By
Reuters
Published
October 15, 2025
Aditya Birla Fashion and Retail (ABFRL) said on Wednesday that French luxury retailer Galeries Lafayette will open a department store in India’s capital city of Delhi, as part of its existing partnership with the Indian retailer.
The retail and fashion unit of Aditya Birla group, which competes with billionaire Mukesh Ambani’s Reliance Retail, also has exclusive tie-ups with other luxury brands such as Ralph Lauren, Hackett London, Ted Baker and Fred Perry in India.
The Galeries Lafayette store will house more than 250 luxury and designer brands from across the globe and add to Aditya Birla group’s sprawling portfolio as it bets on India’s growing luxury market.
“Our target is to at least be in four of the top Indian six cities in next three years. It will always be large-format stores in the Indian context,” said R. Satyajit, CEO International Brands at ABFRL. There are also plans to launch an online platform for Galeries Lafayette in the country, he added.
© Thomson Reuters 2025 All rights reserved.
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