A PYMNTS Company

Italy: Louis Vuitton spends big for clothier Loro Piana

By  |  July 9, 2013

LVMH Moet Hennessy Louis Vuitton inked a deal to buy a majority stake in Italy-based cashmere clothing company Loro Piana, say reports. The deal, made for $2.57 billion, would see 80 percent of Loro Piana in Louis Vuitton’s portfolio; it remains subject to regulatory approval. Loro Piana is most known for its $1,385 cashmere sweaters. If cleared, the buyout would be Louis Vuitton’s largest since 2011’s acquisition of Bulgari.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Businessweek

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.