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flag Brunello Cucinelli's shares plummeted 17% after a short seller accused it of selling luxury goods in Russia post-EU sanctions.

flag Italian luxury brand Brunello Cucinelli's shares dropped over 17% on Thursday, their largest one-day decline since 2012, after a London-based short seller accused the company of violating EU sanctions by selling luxury goods in Russia. flag The report claimed secret shoppers found stores open in Moscow in August and September 2025, selling items made in Italy in 2024 and 2025—after the EU banned such exports in 2022. flag Trading was halted for about four hours before resuming, closing at $85.08. flag The company’s CEO said it operates in Russia under EU compliance rules. flag The incident reflects broader concerns about Italian firms maintaining activities in Russia despite sanctions.

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