Lunedì, 22 Ottobre 2018
MILAN

LVMH buys 80% of Loro Piana for 2 billion euros

English
© ANSA

Milan, July 8 - Italian cashmere and fine wool
dynasty Loro Piana has sold 80% of the brand to French holding
LVMH for two billion euros, according to a statement Monday.
Sergio and Pier Luigi Loro Piana will hold onto 20% of the
family business and reserve their posts as directors.
LVMH is the world's largest luxury group.

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