Brunello Cucinelli expects store closures to hit Q2 sales

Brunello Cucinelli S.p.A. has reported net sales of 156.7 million euros (169.8 million dollars) in the first quarter, down 2.3 percent at current exchange rates and down 2.9 percent at constant exchange. The company said, economic and financial impact of the Covid-19 pandemic is expected mainly in the second quarter, with sales significantly affected by the additional closure of a significant number of boutiques around the world.