On 8 July 2013, LVMH purchased 80% of Loro Piana for €2 billion, the rest of shareholding remaining in Loro Piana family's hands.
Is Loro Piana part of LVMH?
Loro Piana joined the LVMH group at the end of 2013 with the aim of preserving its unique heritage and spirit in a perspective of fulfilling its significant future potential. ” LVMH has already proven that it respects and supports family businesses in their values, traditions and desire to offer clients an incomparable
When did LVMH acquire Loro Piana?
July 8, 2013
Who is Loro Piana owned by?
LVMH
Is Loro Piana profitable?
Characteristic Turnover in million euros
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2018 690.05
2017 574.4
2016 498.4
2015 518.9
Is Loro Piana high quality?
1. A heritage steeped in high-quality craftmanship. Originally from Trivero, the Loro Piana family became wool fabric merchants in the early nineteenth century. Following the war, his nephew, Franco Loro Piana carved a reputation for high-quality fashion woolen fabrics and drapery.
Are Loro Piana worth it?
Loro Piana is NOT laughably expensive. There is intrinsic value in finely crafted luxurious pieces. It is expensive, but the value is there. It is hardly laughable.
What is so special about Loro Piana?
Now the world's foremost cashmere processor, Loro Piana prides itself on sourcing the very finest, rarest raw materials the world has to offer, including unique cashmere from baby goats in northern China and Mongolia, vicuña from the Andes, extra-fine Merino wool from Australia and New Zealand and lotus flower fiber
Is Loro Piana a person?
Pietro Antonio Loro Piana (Trivero, 6 September 1883 1941), founder of the textile company Loro Piana, was an Italian engineer and entrepreneur. Loro Piana & C." was started in Corso Rolandi, now the corporate headquarters of the company.