Loro Piana

Loro Piana is an Italian clothing company specialising in high-end, luxury cashmere and wool products.

History

Originally from Trivero (a district in north Italy famous for textile production), the Loro Piana family started as merchants of wool fabrics at the beginning of the 19th century. In the second half of the 19th century, the family moved its activity to Valsesia and founded the Lanificio Fratelli Lora e Compagnia, followed by Lanificio di Quarona di Zignone & C. at the beginning of the 20th century.

On July 8, 2013, LVMH purchased 80% of Loro Piana for €2 billion, the rest of shareholding remaining in Loro Piana family's hands. On 19 December 2013, Sergio Loro Piana died.

Stores

The company has stores in Italy, as well as in many major cities in Europe, North America, and Asia, totalling 132 stores worldwide.

Operations

In 2012, turnover reached €700 million and net income represented 20% of sales. In December 2013, LVMH announced that Antoine Arnault would become chairperson of Loro Piana.

Piana

Piana is a commune in the Corse-du-Sud department of France on the island of Corsica.

Population

See also

References

Piana (moth)

Piana is a genus of moths of the Noctuidae family.

References

Piana (Castiglione del Lago)

Piana is a frazione of the comune of Castiglione del Lago in the Province of Perugia, Umbria, central Italy. It stands at an elevation of 277 metres above sea level. At the time of the Istat census of 2001 it had 206 inhabitants.

References