The group, best known for its cashmere outfits, expects revenue to grow around 20%-22% in 2023 from a previous forecast of around 19%, it said in a statement.

It confirmed its 2024 sales growth forecast at 10%.

Cucinelli expected sales in 2025 to grow by 10% thanks to a "good visibility, supported by the structural characteristics of high-end luxury demand, the potential for growth in all markets and in both channels and the selected ongoing boutique opening project," it said in a note.

Sales in the January-September period totalled 818.4 million euros ($865.5 million), up 27.5% from 642 million euros last year.

($1 = 0.9456 euros)

(Reporting by Alberto Chiumento, Romolo Tosiani; Editing by Kirsten Donovan and David Evans)