Sergio Loro Piana, one of the vice presidents of the eponymous family company, has died. The Italian, who had suffered from illness for sometime, passed away at home, aged 69.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, named Antoine Arnault chairman of cashmere clothier Loro Piana SpA, expanding the responsibilities of billionaire Bernard Arnault’s eldest son.
MILAN, Italy — Loro Piana, an Italian luxury textiles maker and fashion house, is so particular about its materials that it bought its own natural reserve in the mountains of Peru to protect the vicuna, an endangered species that yields a precious wool.
From shoes to handbags to ready-to-wear, the price of designer fashion has increased precipitously over the last decade. What’s driving the rising prices? And how high can they go?
Market sentiment has turned back in favour of the luxury sector, driven by solid second quarter results, reports Pierre Mallevays of Savigny Partners.
In recent years, the number of fashion companies that have gone public or been acquired by large luxury groups has accelerated dramatically. What’s driving the deal flow?
CORONA, Italy — Sergio and Pier Luigi Loro Piana, the brothers who head Italian cashmere clothier Loro Piana SpA, have emerged as billionaires after agreeing to sell 80 percent of the family-owned company to LVMH Moet Hennessy Louis Vuitton SA.
French luxury conglomerate LVMH has purchased a majority stake in the Italian luxury wool and cashmere company Loro Piana for $2.6 billion.
Balanced on Fashion’s Wobbly Pedestal (NY Times) “In total, Mr. Pilati has been a designer for nearly 30 years, during which time he has had highs and lows, wrestled with drug abuse, and constantly questioned his place in fashion and whether the pressures are worth it.’I have worked and worked and worked hard again… I have been a monk here.’” It’s Hard to Be Sexy (NY Times) “Of course, all this
China’s homegrown luxury: Talking with Jiang Qiong Er (CIB) “What does it mean to create a Chinese luxury brand from scratch? Jiang, artistic director and CEO of Shang Xia… does not bat an eye as she returns her answer: ‘I had a dream to bring about a renaissance of traditional Chinese craftsmanship.’” New Luxury Frontier: A $5,600 Lotus Jacket (WSJ) “Lotus jackets could further burnish the