Cucinelli: The Clothes Look Good. And the Stock?By
Brunello Cucinelli, the Italian designer who built a decades-old clothing empire on a foundation of cashmere, is suddenly having a rough go of it in the stock market. His company's shares are down 24 percent this year on the Borsa Italiana, while Bloomberg Indexes' Global Luxury Goods index is down 6.2 percent. Now the company is appealing to investors with a 40 million euro ($56 million) infusion of six new stores in five countries and a new men’s suit collection . Dandy, you say.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.