LVMH- LORO PIANA PARTNERSHIP WILL CAPITALISE ON SHARED PHILOSOPHY, EUROPEAN COMMISSION TOLD
October 2nd, 2013
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has told the European Commission of the benefits that would flow from its planned merger with Italian cashmere giant Loro Piana. In a filing to Brussels designed to encourage it to grant competition approval, LVMH said the deal will help “capitalise on their shared philosophy for exceptional craftsmanship, creativity and long-term vision and commitment to build up noteworthy synergies, to the benefit of consumers.” LVMH has said to the Commission’s competition directorate general that “the ...
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