LVMH Acquires Cashmere Clothier Loro Piana for $2.6 Billion

LVMH Acquires Cashmere Clothier Loro Piana for $2.6 Billion

Chris Ratcliffe/Bloomberg

Loro Piana competes in the absolute luxury segment, which Bain & Co. predicts will grow faster than the rest of the industry until at least 2014.