any Loro Piana fans out there???

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#258
Elliespurse said:
The article (google translated),

Loro Piana joined the LVMH group: after Cova, another premium brand made in Italy goes abroad
July 8, 2013

The Loro Piana family has decided to sell the majority stake of the family to the French luxury group LVMH. News that surprising, because the family had repeatedly stressed to keep their independence. Announcing the acquisition, Sergio and Pier Luigi Loro Piana have stated, "Our family is proud to associate our name today to the group LVMH .

The group headed by Bernard Arnault is, in fact, the one better able to respect the values ​​of our company, its tradition and the desire to offer its customers products of impeccable quality. Having joined the LVMH group, built around a set of historical brands, Loro Piana will benefit from synergies exceptional, always preserving their traditions. " Bernard Arnault said: "Loro Piana is a rare, rare for the unique quality of its products, in particular its textiles in cashmere, and rare for its family roots that go back six generations.

I am very pleased that Sergio and Pier Luigi Loro Piana consider that our group is the best way to ensure the future of the company Loro Piana. In fact we share the same values, either family or business, research and continuous quality are convinced that our group can make a strong contribution to the future of Loro Piana which has great potential. "

Sergio and Pier Luigi Loro Piana will retain a stake of 20% in the company and will retain their functions at the helm. Transaction, subjected to approval by the antitrust authorities, covers 80% of the shares for a value of € 2.0 billion (enterprise value to 100 % is € 2.7 billion). In 2013 Loro Piana should achieve sales of 700 million Euros and profits before tax, interest and depreciation, amounting to over 20% of sales.

The Loro Piana family started the wool trade and the tissue at the beginning of the 19th century, and In April 1924 Peter founded the company Loro Piana Loro Piana in Quarona Sesia in Italy. His work is now carried out by Sergio and Pier Luigi Loro Piana. Under their management, Loro Piana has become the first company in the world craftsmanship in the manufacture of cashmere wool and more rare, developing a network of over 130 exclusive stores in the world for the distribution of products under its own brand.

http://www.ilsole24ore.com/art/fina...piana-entra-gruppo-182802.shtml?uuid=AbhDESCI
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This is truly sad sad news! I was looking into their RTW and now I decided not to bother. I hate big corporations taking over the whole world. I will stick with Hermes!
 
#260
Elliespurse said:
The article (google translated),

Loro Piana joined the LVMH group: after Cova, another premium brand made in Italy goes abroad
July 8, 2013

The Loro Piana family has decided to sell the majority stake of the family to the French luxury group LVMH. News that surprising, because the family had repeatedly stressed to keep their independence. Announcing the acquisition, Sergio and Pier Luigi Loro Piana have stated, "Our family is proud to associate our name today to the group LVMH .

The group headed by Bernard Arnault is, in fact, the one better able to respect the values ​​of our company, its tradition and the desire to offer its customers products of impeccable quality. Having joined the LVMH group, built around a set of historical brands, Loro Piana will benefit from synergies exceptional, always preserving their traditions. " Bernard Arnault said: "Loro Piana is a rare, rare for the unique quality of its products, in particular its textiles in cashmere, and rare for its family roots that go back six generations.

I am very pleased that Sergio and Pier Luigi Loro Piana consider that our group is the best way to ensure the future of the company Loro Piana. In fact we share the same values, either family or business, research and continuous quality are convinced that our group can make a strong contribution to the future of Loro Piana which has great potential. "

Sergio and Pier Luigi Loro Piana will retain a stake of 20% in the company and will retain their functions at the helm. Transaction, subjected to approval by the antitrust authorities, covers 80% of the shares for a value of € 2.0 billion (enterprise value to 100 % is € 2.7 billion). In 2013 Loro Piana should achieve sales of 700 million Euros and profits before tax, interest and depreciation, amounting to over 20% of sales.

The Loro Piana family started the wool trade and the tissue at the beginning of the 19th century, and In April 1924 Peter founded the company Loro Piana Loro Piana in Quarona Sesia in Italy. His work is now carried out by Sergio and Pier Luigi Loro Piana. Under their management, Loro Piana has become the first company in the world craftsmanship in the manufacture of cashmere wool and more rare, developing a network of over 130 exclusive stores in the world for the distribution of products under its own brand.

http://www.ilsole24ore.com/art/fina...piana-entra-gruppo-182802.shtml?uuid=AbhDESCI
Click to expand...

Oh no!! And I was just reading through the Queen of the Andes book which they just sent. Bummer.
 
#262
Noneeta said:
Oh no!! And I was just reading through the Queen of the Andes book which they just sent. Bummer.
Click to expand...
It's sad but I saw an interview a while ago where LP said they were going through rough times so perhaps this will make them survive in the long run?

Noneeta said:
Ooooh so nice. Love the 3rd pic!
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It's always a nice surprise to get a LP catalog in the mail.
 
#263
It will be interesting to see what happens with LP. They have opened some beautiful boutiques recently in prime shopping streets. If they were going through hard times I wonder if this was a strategy to expose their brand to more luxury shoppers and in some way entice LVMH?

Elliespurse said:
It's sad but I saw an interview a while ago where LP said they were going through rough times so perhaps this will make them survive in the long run?
Click to expand...
 
#264
luxwear said:
It will be interesting to see what happens with LP. They have opened some beautiful boutiques recently in prime shopping streets. If they were going through hard times I wonder if this was a strategy to expose their brand to more luxury shoppers and in some way entice LVMH?

QUOTE=Elliespurse;24969138 It's sad but I saw an interview a while ago where LP said they were going through rough times so perhaps this will make them survive in the long run?
Click to expand...

I just read an article that LP sales has gone up since the hard times 2009-10. This was also interesting:
The purchase will add up to €40 million ($51 million) in annual profit; LVMH hopes to enhance that figure by pushing Loro’s brand into Asia and expanding its portfolio of leather goods.

http://www.businessweek.com/articles/2013-07-09/lvmhs-big-play-for-loro-pianas-slow-fashion
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It'll be interesting to see what they have in mind.
 
#265
Noneeta said:
Oh no!! And I was just reading through the Queen of the Andes book which they just sent. Bummer.
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I'd love to know how much they spent on those books. They're huge! And probably unnecessary, especially if there are financial difficulties. My mail carrier was commenting that he had a lot of them to deliver.
 
#269
annie9999 said:
no one has posted in so long. i love loro piana and have been thinking of another globe. has anyone been interested in loro piana lately?
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I love Loro Piana, but mainly for warm sweaters and suiting, not for their leather goods. I'm also on a strict shopping budget, so I am limited to whatever they have at their sample sales instead of choosing from their entire collection.
 
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