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

Loro Piana Superyacht Regatta - double wins for My Song and Savannah

My Song, with Pier Luigi Loro Piana at the helm Tommaso Chieffi calling tactics, conducted an error-free race, skilfully overtaking slower competitors. My Song started last since she is the fastest yacht of the fleet - and executing perfect manoeuvres ...
Posted: June 8, 2018, 4:16 pm

Sergio Loro Piana

The company, which Loro Piana co-ran with his brother Pier Luigi, is known for its cashmere and vicuna wool clothing — a coat can fetch $20,000. Loro Piana, based in Italy's northern Piedmont region, is so particular about its supply chain that it ...
Posted: March 5, 2018, 10:33 am

LVMH Takes Majority Stake in Loro Piana

The French giant is buying an 80 percent stake in Loro Piana for 2 billion euros, or $2.56 billion at current exchange. The enterprise value totals 2.7 billion euros, or $3.4 billion. Brothers Sergio and Pier Luigi Loro Piana will continue to helm the firm ...
Posted: July 7, 2013, 5:00 pm
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