Fashion
Italy’s Brunello Cucinelli posts €684.1 mn H1 revenue, profit up 16%
The net profit surged 16 per cent to €76.7 million (~$89.7 million), representing 11.2 per cent of sales, and the operating income amounted to €113.8 million (~$133.1 million), with a margin of 16.6 per cent.
Brunello Cucinelli has closed H1 2025 with revenues up 10.2 per cent to €684.1 million (~$800.4 million).
EBIT was up 8.8 per cent to €113.8 million (~$133.1 million), and net profit rose 16 per cent to €76.7 million (~$89.7 million).
Growth was broad-based across regions and channels.
The company expects revenue growth of around 10 per cent in both 2025 and 2026.
Region-wise, Europe saw an increase of 10 per cent YoY to €243.2 million, Americas sales went up 8.7 per cent to €245.3 million, and Asia led the revenue with a 12.5 per cent rise to €195.7 million. Retail revenues advanced 10.3 per cent to €435.8 million, while wholesale sales gained 10.1 per cent to €248.3 million.
The company accelerated its 2024–2026 investment plan, completing key projects a year ahead of schedule, including the doubling of its Solomeo factory. Total investments reached €63.5 million versus €44.8 million last year, Brunello Cucinelli said in a press release.
Payroll costs rose 11 per cent to €125.6 million as the workforce expanded to 3,283 employees, driven by increased artisanal and boutique staff. Despite higher lease and depreciation costs, the company maintained a solid financial structure, with net debt at €197.2 million, reflecting both investments and €68.8 million in dividends paid.
“We have closed the first half of 2025 with excellent results both in terms of revenue and profit, achieving the sound and gracious growth that we greatly value. Our aim has been to dignify manual work, conducting business with full respect for the moral and economic dignity of the human being,” said Brunello Cucinelli, executive chairman and creative director of the company.
“The Fall–Winter sales season has indeed begun very well, as has the order intake for Men’s and Women’s collections for the forthcoming Spring–Summer 2026. All of this, together with the pleasant atmosphere surrounding our brand, enables us to work with peace of mind and to envisage closing 2025 with healthy growth in revenue of around 10 per cent, accompanied by sound profits, and to look ahead to 2026 with the expectation of similarly balanced growth, again in the region of 10 per cent,” added Cucinelli.
The brand also highlighted its global presence with boutique expansions, including new locations on Sloane Street in London and in Vienna, and exclusive events at Harrods and Gstaad, reinforcing its premium positioning, added the release.
Brunello Cucinelli expects to close 2025 with revenue growth of around 10 per cent, supported by strong sales trends in July and August and a successful Fall–Winter 2025 launch. Upcoming showcases in Japan and Korea are set to further consolidate global reach. The Spring–Summer 2026 campaign has been well received—men’s collections completed with strong orders, while women’s are still being collected but with highly favourable feedback. Management anticipates similar balanced growth of around 10 per cent in 2026, with healthy profitability.
Fibre2Fashion News Desk (SG)
Trump’s order on revising reciprocal tariffs includes a list of products that he may be willing to apply only to most-favoured nations, the presidential office noted.
President Donald Trump has signed an executive order excluding some goods entering the US from reciprocal tariffs, the White House said.
Trump’s order on revising reciprocal tariffs includes a list of products that he may be willing to apply only to most-favoured nations.
The order identifies over 45 categories for zero import tariffs from ‘aligned partners’ who ‘must conclude’ a deal with the US.
“Today’s Order establishes the ‘Potential Tariff Adjustments for Aligned Partners’ (PTAAP) Annex, which contains the list of products for which the President may be willing to apply only the Most-Favoured-Nation (MFN) tariff upon the conclusion of any future reciprocal trade and security deal,” a factsheet on the order read.
The latest executive order identifies over 45 categories for zero import tariffs from ‘aligned partners’ who “must conclude a deal with the United States that helps mitigate the national emergency relating to the trade deficit” to “earn a reduction of reciprocal tariffs”.
The tariff exemptions kick in as soon as September 8 and apply to trading partners who strike deals on industrial exports like nickel, gold and other metals, as well as pharmaceutical compounds and chemicals, the White House noted.
“President Trump’s tariff policies have generated significant investment into the United States, strengthening the US economy while addressing unfair trade practices that have disadvantaged American workers for decades,” the White House added.
Fibre2Fashion News Desk (DS)
Published
September 8, 2025
Fear of God is moving its European organization to France. The Los Angeles-based premium street-couture label, founded in 2013 by Jerry Lorenzo and helmed since fall 2024 by Frenchmen Bastien Daguzan, is moving its Milan branch, which includes product development and design teams, to Paris, FashionNetwork.com has learned.
Contacted, the brand clarifies that Fear of God’s head office remains in California, while adding that the European change is “an organizational decision, and that the Paris office is part of the business division” of the brand.
According to our information, Fear of God had an office in the capital of Lombardy with a staff of around twenty, mainly active in design and product development, but also partly in sales. It is in Italy, in fact, that the brand has most of its main products produced, and tailoring is becoming increasingly important, with materials sourced in the Peninsula.
One of the pioneers of luxury streetwear, Jerry Lorenzo has radically evolved his brand in recent years, as it has grown at a rapid pace. Maintaining his minimalist style, he continues to expand his offering, proposing a complete wardrobe for women and men, whether for the most casual or elegant moments, in particular with his main line, while the more accessible and sporty “Essentials” line focuses on jersey and fleece pieces, such as T-shirts, hoodies and tracksuits.
The idea of moving this design- and product-focused Milanese unit away from Fear of God’s network of Italian suppliers and manufacturers may seem surprising. But with the arrival of Daguzan at the helm, the focus has clearly shifted to Paris, where other issues are at stake. Last season, the brand presented its collection in the French capital. The brand also recently recruited Frenchwoman Catherine Jacquet as director of operations.
Having a presence in the City of Light and the fashion capital of the world should help the label, whose headquarters and main activities remain in Los Angeles, to reinforce its aura and image as a luxury brand.
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Copyright © 2025 FashionNetwork.com All rights reserved.
By
Reuters
Published
September 7, 2025
Online searches for vintage Armani clothes have surged since Italian fashion designer Giorgio Armani died on Thursday, as shoppers scoured second-hand outlets for his styles.
Armani, who led his eponymous company and remained in control of designs right up until his death at 91, was prolific, producing everything from expensive high-end suits to more modestly priced jeans and sportswear under the Emporio Armani brand.
Searches containing the word “Armani” on Vinted, Europe’s biggest second-hand clothing marketplace, were almost three times higher than average on Thursday following the news of Armani’s passing, a spokesperson for Vinted told Reuters.
U.S. luxury resale site The RealReal said searches for Armani were up 212% on Thursday compared to Wednesday. And Google searches for “vintage Armani” also spiked on Thursday, according to Google Trends data, with interest particularly high in Armani’s native Italy and in the UK.
On second-hand fashion app Vestiaire Collective, users across Europe listed their Giorgio Armani pieces for sale on Friday, including a black 1990s silk blazer for 245 pounds ($330.97) and a leather and rabbit fur jacket from 2002 for 571 pounds ($771.36).
Ammar Boulai, who runs luxury second-hand menswear boutique Chez Ammar in Paris, said he would not be surprised to see an uptick in demand for Armani suits from the 1970s and 80s, on the back of the current trend for retro styles with wide trousers and fluid fabrics.
“Four or five years ago, these 80s style suits were impossible to sell. Now they are really in vogue, but impossible to find,” said Boulai.
“It’s hard to tell how much is in stocks and will re-enter the market. Armani produced a lot, had many sub-brands, so there must be a lot out there… maybe people will open their drawers now,” he added.
© Thomson Reuters 2025 All rights reserved.
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