Driven by a double-digit growth in the Americas and Asia, Italian luxury group Brunello Cucinelli recorded a 12.7 per cent rise in revenues at constant exchange rates during Q3, FY25 spanning Jan-Sep’24.

Revenue of the Italian luxury group increases as global demand for luxury goods slows as the company not only focuses on higher-end consumers but also limits its exposure to China compared to its rivals.

In Q3, FY25, the group’s revenues rose by 9.2 per cent to €300 million ($325 million), a little above the €298 million forecast by Equita Analysts.

The company’s sales in the Chinese market also grew during the quarter ending Sep’24. Best known for its cashmere clothing, the luxury brand projects,its sales will rise by around 10 per cent during 2025 and the following year.

Earlier this week French luxury giant LVMH registered a 3 per cent decline in Q3, FY25 sales as demand in China and Japan weakened.