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Loro Piana

July 9, 2013

 LVMH has snapped up yet another Italian luxury brand, while America Movil spied potential in a UK-based app developer. 

LVMH has snapped up yet another Italian luxury brand, while America Movil spied potential in a UK-based app developer.

LVMH
LVMH has bought a controlling stake in sixth-generation Italian textile and clothing family business Loro Piana for €2 billion.

Loro Piana was founded at the beginning of the 19th century and specialises in cashmere and other rare wools – it has more than 130 boutiques across Europe, Asia and the US. 

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