Brunello Cucinelli SpA

BC: XMIL (ITA)
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Brunello Cucinelli Scrutinized for Operations in Russia; Shares Remain Overvalued

Brunello Cucinelli faces short seller allegations of failing to exit Russia as claimed, breaching EU sanctions by selling goods above the EUR 300 cap, expanding operations, and heavy discounting. Shares dropped 15% at market close on Sept. 25.

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