BrunelloCucinelli, Executive Chairman, and Creative Director, of his bespoke Italian luxury label projects, the brand’sales will grow by 10 percent in both 2024 and 2025with its turnover doubling by 2030.

For the six months ending June 30, the brand’s net profit grew by 31.1 percent growth to €66.1 million.Its revenues increased by 14.1 per cent to €620.7 million from €544 millionin the same period of 2023. Operating profit rose by 19.3 percent to €104.6 million, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 14.8 percent to €177.8 million.

The brand’s revenues in the Americas expanded by 19.4 per cent to €225.6 million during H1, FY24. Driven by local consumers and tourists from the US and Asia, revenues from Europe increased by 7.8 percent to €153 million. Sales from Italy rose by 11.8 percent to €68.1 million. In Asia, revenues climbed 14.3 percent to €174 million.The brand’s global retail sales increased by 14.7 percent to €395.2 million during the period.

As of June 30, BrunelloCucinelliSpAoperated 126 stores including a new location in Miami’s Design District. It plans to open new stores in Toronto and Wuhan, China in the second half of the year.