Revenues at Italian luxury group Brunello Cucinelli rose 11.5% at constant exchange rates last year, in line with its most recent guidance, boosted by ⁠solid growth across all regions, and particularly in the Americas and ⁠in Asia.

The cashmere brand, the first in the luxury sector to report 2025 preliminary sales, said ‍on ‌Monday its revenues rose to 1.41 billion euros ($1.65 ⁠billion) last year ‌and reaffirmed that revenues would increase ‌by 10% in 2026.

The company, which stands out in a luxury sector hit by slowing demand thanks to its focus ‍on wealthier consumers, reported a 11.9% increase in turnover in the fourth quarter alone. Both the ‌retail ⁠and ​wholesale channels contributed to the sales ⁠growth, ​though the latter at a more moderate pace.

In December, Cucinelli, whose cashmere jumpers ​can cost several thousand euros, raised its revenue growth forecast for 2025 ⁠to between 11% ⁠and 12% at constant exchange rates. The business has also recently confirmed its strong emphasis on the wholesale channel, seeing it as a good sales driver despite the challenging retail landscape.