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Louis Vuitton Parent Puts Up $2.6B For Cashmere Maker

By Jeff Sistrunk (July 8, 2013, 4:26 PM EDT) -- LVMH Moet Hennessy Louis Vuitton SA, the French luxury goods titan behind fashion brands Fendi and Louis Vuitton, announced Monday that it would buy an 80 percent majority stake in Italian cashmere manufacturer Loro Piana SpA in a deal valued at $2.6 billion....

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