In 2019, Loro Piana S.p.A., an Italian clothing company specialized in cashmere and wool products, registered an annual turnover of about 719.7 million euros. The turnover of the company increased overall during the period considered. Moreover, in the same year, the company registered a .
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.