Brunello Cucinelli (clothing brand)

Brunello Cucinelli is an Italian luxury fashion house that offers accessories, clothing for women and men founded by Brunello Cucinelli in 1978, established his couture business, specializing in feminine clothing made of Mongolian cashmere. In order to benefit his daughters and further his humanitarian endeavors, owner Brunello Cucinelli transferred Fedone Srl's ownership—which held 61.56% of the fashion company—to a new trust, Esperia Trust Company S.r.l., in June 2014. 
Sales for Brunello Cucinelli totaled 500 million euros in 2017, with 35% of those sales being in North America. In total, the corporation owns 94 of its 124 branded locations. The business opened an e-commerce website in January 2017. The creator Brunello Cucinelli sold 4 million of the company's shares (held through his holding Fedone Srl) in January 2018, reducing his ownership to 51% of the capital. Via this action, his family's philanthropic fund received an investment of 6% of the company, or 100 million euros. The business inaugurated its second location in Mexico in May 2018. The capital of Mexico is where both of its shops are situated. 
Company had its IPO in 2012 at a price of €7.75 a share, but Cucinelli family retains control over it since 57% of stock is owned by the Cucinelli family trust. The business is based in picturesque Umbria, and has its headquarters in a castle from the fourteenth century perched on a hill. The business gives 20% of its income to its charity foundation and pays its employees 20% more than the industry standard. The 1,300 employees of the company, 800 of whom work in Solomeo, do not punch a time clock, and emails sent after business hours are not permitted. The company's market valuation was over €1.6 billion as of June 2017.
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