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Brunello Cucinelli started his couture house in 1978 with a specialty for Mongolian cashmere garments for women. [4]In June 2014, owner Brunello Cucinelli, transferred the ownership of Fedone S.r.l. (which owned 61.56% of the fashion brand) to a new trust, Esperia Trust Company S.r.l., in a move to benefit his daughters and pursue his philanthropic work.
Cucinelli's first product was cashmere wool sweaters in bright colors. [5] In 1977 he started making dyed cashmere in a small workshop. He founded Brunello Cucinelli SpA in 1978 with the Italian lira equivalent of about $550; [6] after the initial public offering of Brunello Cucinelli SpA his personal net worth exceeded $1 billion.
The Bergdorf Goodman Men's store features exclusive brands such as Loro Piana, Kiton, Brunello Cucinelli, John Lobb, Thom Browne, Bontoni, Tom Ford, and Charvet. On May 2, 2005, two private equity firms, Texas Pacific Group and Warburg Pincus, acquired the Neiman Marcus Group and its Bergdorf subsidiary, in a leveraged buyout (LBO). [18]
Others go further and buy their own stretch of paradise, complete with a personal staff and world-class amenities, like Motu Tane in the South Pacific, currently for sale at $37.5 million.
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