It will be a 2013 with double-digit growth, both for revenues and for the gross operating margin, that announced today by the Cucinelli group, active in the clothing sector.
“For 2014-2015 – declared the owner of the Brunello Cucinelli company – I imagine an interesting two-year period, the spring-summer campaign went very well and the first half of next year will be interesting”. During the year, Cucinelli invested 40 million euros, of which 20 for the new headquarters, an expansion of the existing one, with the transfer expected in March.
The other 20 were used to finance the growth of the business by opening stores. The financial position, Cucinelli points out, is in any case positive for 15 million euros. Cucinelli spoke of "polite" growth: "EBITDA must remain between 18 and 19%, if it goes above we will lower prices. We will not make many new openings, 12-13 stores in the world a year, of which 8-9 direct and 3-4 in franchises, the latter especially in Eastern countries; I think the product should remain somewhat exclusive”.
For the future, Cucinelli confirms his intention to remain in the clothing sector, without attempting the path of accessories, and to expand into men's suits, where he recently bought the Tuscan brand D'Avenza. “We will position ourselves where we are now, in the upper part of the market – he said – We will already be present at Pitti Uomo in January with the autumn-winter collection which we think is interesting. We would also like to open a tailoring school in Carrara, to replicate the experience of the craft schools that we have set up at our headquarters in Solomeo”.
