Brunello Cucinelli Sales Up 8.1% in 2018Revenues rose in all of the group's markets last year, the 40th anniversary of the brand.

[Collection]MILAN — Brunello Cucinelli SpA closed 2018 in “a splendid manner,” said the namesake entrepreneur on Monday, reporting 2018 preliminary revenues of 553 million euros, up 8.1 percent from 511.7 million euros in 2017. At constant exchange, sales grew 10.7 percent. The company marked its 40th anniversary in 2018, “one of the finest in the history of the business,” said the company in a statement issued after trading hours in Milan, where it is publicly listed, citing the presentation in September of its “Hamlet of the Spirit” in Solomeo, Italy, comprising the latest restorations of the town where Cucinelli is based, thanks to the support of the Brunello and Federica Cucinelli Foundation. In the 12 months ended Dec. 31, all markets and distribution channels helped the performance of the Italian luxury company, starting from its local market, which saw a 4.2 percent gain in sales, which reached 88.3 million euros, accounting for 16 percent of the total. “We continue to support, believe in and invest in our beloved Italy, perceiving the great value this represents at a world level for the country’s creativity, quality and craftsmanship,” said Cucinelli, who has repeatedly touted the importance of a strong business in Italy for the brand’s image

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