LVMH Group Successfully Acquired Italy Senior Cashmere Brand Loro Piana

In 2013,

The group bought 80% of the family brand at a price of 2 billion euros.

It was also bought in Italy for $5 billion 200 million in 2011.

Since Bulgari50.4%'s share, LVMH has made the biggest acquisition.

Antoine Arnault pointed out that three years after the acquisition of Loro Piana by LVMH group, the TMT has integrated the company's business into the LVMH group. Meanwhile, the company has retained the brand value and the positions of all employees.

Italy high

Loro Piana appointed Fabio d 'Angelantonio as new CEO. He will replace Matthieu Brisset to take office in September 1st.

Antoine Arnault, President of Loro Piana, said that Fabio d Angelantonio has a lot of experience in global brand expansion, retail operations and personnel management, and Fabio d "Angelantonio has also promoted the brand.

And the development of textiles.

Fabio d 'Angelantonio is currently the chief marketing officer and Sunglass Hut president of Luxottica, a Italy eyewear manufacturer. He also worked as a marketing executive at Belgium Editions Hemma publishing house, Italy Fiat Automobile Group's network division and Indesit electric company from 1995 to 2004.

Loro Piana has been famous for its strict selection of the highest quality wool and cashmere.

The wearability, functionality and comfort are highly respected.

In every garment, the fine art of fine workmanship, excellent quality and aesthetic pursuit are permeated.

Hand sewing, exquisite handwork, skin details and personalized accessories ensure

Stable leadership in the luxury market.

Loro Piana also has the largest luxury yarn in the world.

One of the production departments, producing cashmere wool, cotton and linen and other fabrics, produces an annual output of more than 14 million 800 thousand square feet.

These fabrics are very valuable resources for LVMH's luxury brands, such as Dior and Louis Vuitton.

Brands also have increasing growth.

Products and a wide range of retail networks, up to now, there are more than 160 public stores in the world and 7 factories in Italy, including 15 stores in mainland China, and 12 stores in Hong Kong, Macao and Taiwan.