Turnover wool & cashmere clothing company Loro Piana 2011-2019
In the LVMH realm
Loro Piana is a highly specialized company founded in the 19th century in North-West Italy and operates in the luxury goods sector. It produces high-end clothing and accessories made of wool and cashmere for women, men and kids. Moreover, the Italian textile house also supplies its fabrics to many other brands. In 2013, 80 percent of the company was bought by LVMH and became part of the leading group worldwide for luxury goods.
A niche sector
Small niche companies that value high-quality and excellence such as Loro Piana are not an exception but rare to come by. Another example in the same sector is represented by Brunello Cucinelli, a company started in 1979 with a focus on cashmere clothing for women and men. Brunello Cucinelli became renowned all over the world for its high-end luxury products, and registered a steadily increasing annual revenue since 2013.