Brunello Cucinelli Addresses and Rejects Short Seller’s Russia Allegations

MILAN — Brunello Cucinelli’s namesake company continued to grow for the first nine months of the year — with revenues surpassing the 1 billion-euro mark — but a conference call with analysts on Wednesday quickly veered toward its stance on distribution in Russia. Indeed, Cucinelli and the executive team were eager to discuss Russia, admitting a board meeting was moved to Wednesday from Oct. 16 to bring further clarity on the issue. Last week, the company rejected Morpheus Research’s allegations of irregula ...