Brunello Cucinelli Reassures Amid Short Seller Allegations

24 days ago

Chloe Melle

"Brunello Cucinelli reported a jump in sales and reaffirmed its target of 10% revenue growth. It also pushed back against claims from a short seller, stating that all of its flagship stores in Russia have always remained closed after sanctions were introduced, with the co-CEO describing the Russian business as a candle that is burning out."

The discussion emphasizes Brunello Cucinelli's strong earnings performance and refutation of short seller claims. The reassurance provided by management seems to have restored investor confidence, as reflected in the recovering share price.

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