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    Andrea Randone

    Research Analyst at Intermonte

    Andrea Randone's questions to Brunello Cucinelli S.p.A./ADR (BCUCY) leadership

    Andrea Randone's questions to Brunello Cucinelli S.p.A./ADR (BCUCY) leadership • Q1 2021

    Question

    Andrea Randone from Intermonte asked for more details on the positive business restart in the United States, including geographic and category specifics, and inquired about pricing adjustments in Russia due to exchange rate volatility.

    Answer

    Executive Chairman Brunello Cucinelli clarified that prices are set semi-annually with new collections and are not adjusted for currency fluctuations mid-season. He noted the US recovery has been widespread for about five weeks, impacting both menswear and womenswear across resort areas and major cities, driven by a strong consumer desire to dress up again.

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    Andrea Randone's questions to Brunello Cucinelli S.p.A./ADR (BCUCY) leadership • Q1 2020

    Question

    Andrea Randone of Intermonte asked for an update on the status of store reopenings and the anticipated timeline for when the global store network would be nearly fully operational.

    Answer

    Executive Chairman Brunello Cucinelli responded that key European markets like Germany, Austria, Switzerland, and Italy were reopening shortly. He expressed confidence that by the end of May, the majority of the global store network would be reopened, albeit with varying local regulations. He also shared a positive outlook for the winter season, based on his belief in the imminent discovery of a medical treatment for the virus.

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