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


Originally from Trivero (a textile district in north Italy), the Loro Piana family started as merchants of wool fabrics at the beginning of the nineteenth century. In the second half of the 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.
Loro Piana was established, in 1924, by Pietro Loro Piana. In the post-war period, his nephew Franco took over the company and moved it into the international high fashion markets.
In July 8, 2013, LVMH have purchased 80% of Loro Piana for a??2 billion, the rest of shareholding remaining in Loro Piana family's hands. On 19 December 2013, Sergio Loro Piana died.
The company has stores in Italy, as well as in many major cities in Europe, North America, and Asia, totalling 132 stores worldwide.
In 2012, turnover reached a??700 million and net income represents 20% of sales. In December 2013, LVMH announced that Antoine Arnault would become chairperson of Loro Piana.
In 1985, the company began sponsoring Italian and international horsemen and partnered with the Italian Equestrian Sports Federation (FISE). Loro Piana sponsored the Around the Island Race 2006 in Hong Kong.
Since 2000, Loro Piana has awarded a prize for the worlda??s finest bale of wool, which produces just enough fabric for 50 suits. The cup is awarded to an Australian or New Zealand woolgrower, who produces the year's finest bale. In 2008, Loro Piana paid a record 48,000 cents per kilo for a bale 12.5 micron Merino wool produced by Peter and Greg Munsie and Phil and Judy Fittler of Uralla, New South Wales.

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Pier Luigi Loro Piana Latest News

Of Course It’s Cashmere!: Italian Sweater Baron Buys at 980 Fifth Avenue for $11.3 M.

Pier Luigi Loro Piana, who sold an 80 percent stake in his family’s century-old Italian cashmere company Loro Piana to the the LVMH fashion conglomerate late last year, has just made a purchase at 980 Fifth Avenue that can only be described by personal ...
Posted: May 29, 2014, 6:48 am

LVMH says buys control of Loro Piana for two billion euros

LVMH, the world’s top luxury group, said the Sergio and Pier Luigi Loro Piana family would retain 20 percent of the company as well as their management positions. The company has enjoyed continued strong demand in China even as some other luxury brands ...
Posted: July 7, 2013, 5:00 pm

Loro Piana joins the LVMH Group

Sergio and Pier Luigi Loro Piana commented: «The Loro Piana family is proud that our name is now associated with the LVMH Group. Under Bernard Arnault’s leadership, LVMH has proved that it respects and nurtures family businesses and is most likely to ...
Posted: July 8, 2013, 6:27 am
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