Louis Vuitton Parent Puts Up $2.6B For Cashmere Maker
Loro Piana's owners, Sergio and Pier Luigi Loro Piana, will retain a 20 percent stake in the company and their management positions, according to LVMH. The deal, which is subject to review by competition authorities, will further expand LVMH's presence in the high-end clothing market.
"[W]e share the same values...
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