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ISIN code: IT0004764699
Sector: Non-durable consumer goods
Industry: Clothing/footwear
Brunello Cucinelli shares are listed on the Milan Stock Exchange with the ticker BC.
Look at the history of the quotation of the share on the Milan Stock Exchange
Company Description
Brunello Cucinelli S.p.A is an Italian company specialized in fashion and prêt-à-porter sector. Founded by Brunello Cucinelli, is famous for its production of fine knitwear in cashmere.
The company, born in Umbria, is based in the historic village of Solomeo, completely renovated by Cucinelli himself.
Brunello Cucinelli is one of the most important brands on the international luxury market. It has feminine and masculine lines for which it has created total look collections.
For the trade of your brand you can count on one network of boutiques present all over the world. To date there are around 136 points of sale in the world. It also has a wide retail network who sells its products.
It has been listed on the Milan Stock Exchange in the FTSE Italia Mid Cap index since 2012.
In 2019 it had a turnover of 607.761.000 million euros with a net profit of 53.083.000. Ebidta (gross operating margin) was 169.6 million euros, equal to 17,4% of revenues.
The largest revenues come from Europe and North America. Revenues are obtained for 14,8% in Italy, 30,4% in Europe, 33,6% in North America, 10.3% in China and 10.9% in the rest of the world.
The majority of sales are made through retail channels (55,8%).
The shareholding is composed by:
- Trust Brunello Cucinelli 57,000%
- Fidelity Investments Inc. 9,345%
- Fidelity (Canada) Asset Management: 0,533%
- Oppenheimer Funds: 5,014%
The remainder, equal to approximately 28%, is listed on the stock market.
Economic and financial analysis of the company
The Brunello Cucinelli company was founded in 1978 in Castel Rigone, in the province of Perugia, for the production of women's knitwear. The products marketed include sweaters, jackets, shirts, trousers, coats, leather suits, men's suits, women's suits, accessories and other leather items.
Subsequently in 1985 Cucinelli bought the castle of solomeo, small Umbrian village. Here, he moved the company headquarters. The village, after restorations that lasted until 2001, was completely redeveloped. Today Solomeo is a little jewel in the heart of Italy.
La first boutique of the brand was opened in 1994 a Porto Cervo and the first collection for men is also presented.
In 2002 the first total look collection for men and women was created.
Given the success of the company, Cucinelli begins to consolidate its success through the opening of flagship stores in the main world cities and in the most renowned resorts.
In 2009 he started the shoe collections.
In 2012 the Brunello Cucinelli company decided to be listed on the Milan Stock Exchange. Investors show great interest and the company achieves great success. Demand exceeds supply 18 times and on the first day of listings, the stock rises by 49,7%.
The company exceeds 500 million in turnover for the first time in 2017.
In 2018 Brunello Cucinelli occupies the 33rd place among the richest in Italy with assets of €1,5 billion.
Cucinelli is a lot also active in the social sphere and has always been attentive to the well-being of its employees. In fact, the company takes care of the staff in a concrete way through bonuses and through a business focused according to what the entrepreneur calls “human sustainability”.
The was created in 2010 Brunello Cucinelli Foundation. The Foundation deals with cultural initiatives relevant to the ethical and humanistic ideal, with the publication of essays and specialist studies, the establishment of scholarships, refresher courses and cultural training.
In 2018 the family decided to sell 6% of the owned shares to donate 100 million to charity. In addition to the village of Solomeo, he financed other restoration works in Umbria.
Since its listing on the Stock Exchange, the shares of the Brunello Cucinelli company have grown steadily over the years. Currently, the shares are trading at around €43,78.
The latest news on Brunello Cucinelli
Brunello Cucinelli: first quarter with revenues at +16,5%. 2024 turnover confirmed at +10%. Good also in China
Revenues by geographical areas see Americas +19,5%, Europe +13,9%, Asia +16%, while sales by distribution channels show retail +15% and wholesale +19%. Cucinelli: “In the Chinese market we can see important development opportunities”
LVMH, wines weigh on the 2024 quarterly but the stock jumps on the stock market, followed by Adidas. This is why luxury giants are looking to China
All the fashion brands rise on the European stock exchanges. The tip of the balance will be China which this week surprised with a GDP higher than consensus. A flurry of data from the sector is arriving
Brunello Cucinelli: profit and Ebitda growing in 2023 but below estimates. And the stock drops by more than 5%
A 2024% increase in turnover is expected for 10. At the meeting on May 20th, a dividend of 0,91 euros per share will be proposed. The owner Brunello promotes his two daughters to vice presidents
Stock market closing on 8 February: STM, Stellantis and Cucinelli push the Ftse Mib (+0,3%) which defends the 31 thousand mark
European stock markets are all up while American stock markets are mixed and the S&P 500 index is close to 5 again
Levi Strauss sues Brunello Cucinelli over the "almost identical" label on his jeans pocket
The American denim company, owner of the renowned Levi's brand, has filed an appeal in the US Federal Court, alleging an alleged infringement of the trademark registered in 1938