LVMH SNAPS UP CASHMERE CLOTHIER LORO PIANA
March 15th, 2014
THE LVMH Group has strengthened its position in the luxury clothing segment by acquiring a majority stake in one the world’s most exclusive luxury brands, Italy’s Loro Piana. All relevant regulatory approvals were secured by December 2013, including the unconditional merger clearance by the European Commission.Based in northern Italy, Loro Piana is one of the world’s leading producers of cashmere and rare wool blends and boasts a varied roster of luxury garments and products ranging from men’s, women’s and sportswear lines to leather goods and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.