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A U.S. securities fraud probe targets Brunello Cucinelli over claims it falsely said Russian stores closed after 2022 invasion, despite evidence of ongoing operations.
A securities fraud investigation has been launched against Brunello Cucinelli S.p.A. (BCUCY) over allegations it misrepresented its Russian business operations, claiming stores closed after Russia’s 2022 invasion of Ukraine while evidence suggests continued activity.
The company’s American Depositary Receipts dropped over 17% following the report, though it maintains its stores remained closed and operations were compliant.
The luxury brand reported an 11% sales increase in the first nine months of 2025 and reaffirmed its 10% annual revenue growth target.
Multiple law firms, including Levi & Korsinsky and Bronstein, Gewirtz & Grossman, are investigating potential investor losses, with Brunello Cucinelli considering legal action to defend its reputation.
Una investigación de fraude de valores de Estados Unidos apunta a Brunello Cucinelli por afirmaciones de que dijo falsamente que las tiendas rusas cerraron después de la invasión de 2022, a pesar de la evidencia de operaciones en curso.