Italy's Cucinelli maintains sales growth forecasts for this year and next

(Reuters) -Italian luxury fashion group Brunello Cucinelli on Wednesday confirmed its expectations for sales growth of around 10% in both 2025 and 2026 despite looming U.S. tariffs.

Starting from its Fall-Winter 2025 collections, the company will work on a new price list in the U.S. in response to the possible impact of tariffs but it does not expect this to have much impact on its business.

"We do not believe that this measure will result in a significant change in purchases by American clients," it said in a statement, noting the strength of its brand.

The group said sales had risen 10.5% at constant exchange rates in the first quarter, boosted by a solid performance in retail and wholesale channels.

Best known for its cashmere garments, the Italian company sold 37% of its products in the Americas region last year.

First quarter sales came in at 341.5 million euros ($388.2 million), broadly in line with an analysts' forecast of 343 million euros, according to LSEG data.

Amid a slowdown in luxury demand, the group has so far outperformed the industry thanks to its high-end positioning.

($1 = 0.8797 euros)

(Reporting by Romolo Tosiani; Editing by Keith Weir)