Headlines

LVMH Acquires Loro Piana

French group spends $2.6 billion for 80 percent holding

Published

11 years ago

July 9, 2013

steve kaufman

LVMH Moët Hennessy Louis Vuitton SA (Paris) has agreed to acquire an 80 percent stake in Loro Piana, the Italian fashion house, for about $2.6 billion.

Under the terms of the deal, co-ceo’s Sergio and Pier Luigi Loro Piana, the great-great-grandchildren of the cloth merchant Giacomo Loro Piana, will continue to run the company. The family will retain a 20 percent stake.

The 90-year-old fabrics company that moved into fashion design after making the training jackets for the Italian equestrian team at the 1992 Olympic Games in Barcelona, has 132 stores around the world.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design