The Italian luxury brand Brunello Cucinelli has reported a 10% increase in revenue at constant exchange rates for the first quarter of 2024, in line with market expectations. Total sales for the period reached €342 million, confirming the brand's resilience amid a volatile macroeconomic backdrop.

Recently, it was announced that Italian company Moncler SpA intends to appoint Alexander Arnault, the son of billionaire and founder of LVMH Bernard Arnault, to its board of directors. This move is anticipated following a successful deal with the French luxury company that took place last year. This decision underscores the growing strategic partnership between Moncler and LVMH, which is becoming increasingly significant in the world of fashion and luxury.