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Commerce

LVMH purchase of Loro Piana to yield global cashmere dominance

July 10, 2013

 

By Joe McCarthy

LVMH Moët Hennessy Louis Vuitton's $2.6 billion deal for 80 percent control of Italian cashmere giant Loro Piana will give the French luxury conglomerate an iron lock on the entire supply chain.

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  1. Saks Global closing most Fifth Avenue Club suite locations
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  5. Year-end sales jump 9pc at Hermès
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  10. Louis Vuitton flagship lands in Beijing
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