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Brunello Cucinelli started his couture house in 1978 with a specialty for Mongolian cashmere garments for women. [3]In June 2014, owner Brunello Cucinelli, transferred the ownership of Fedone S.r.l. (which owned 61.56% of the fashion brand) to a new trust, Esperia Trust Company S.r.l., in a move to benefit his daughters and pursue his philanthropic work.
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He founded Brunello Cucinelli SpA in 1978 with the Italian lira equivalent of about $550; [6] after the initial public offering of Brunello Cucinelli SpA his personal net worth exceeded $1 billion. [6] In June 2021, due to the ownership of 50.05% of the shares of his namesake company, Cucinelli had a personal net worth of approximately $2.2 ...
On the back of a strong 2022 performance, an "excellent first quarter," and solid fall orders, Cucinelli raised estimates to 15 percent from 12 percent. Brunello Cucinelli Raises 2023 Sales Growth ...
Ermenegildo Zegna Group is the largest men's luxury fashion brand in the world by revenue. [ 59 ] [ 60 ] As of 2021, Ermenegildo Zegna operated over 500 retail stores across the world. [ 61 ] In 2023, it reported revenues of €1,904.5 million and a net profit of €135.7 million.
On the Italian Stock Exchange, Brunello Cucinelli shares closed up 7.5 percent at 46.94 euros after sustaining growth throughout the day. Likewise, Tod’s shares closed up 7.6 percent at 39.26 euros.
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