LVMH Buys Italian Cashmere Clothier Loro Piana for $2.6 Billion

LVMH Buys Italian Cashmere Clothier Loro Piana for $2.6 Billion

Tomohiro Ohsumi/Bloomberg

Pedestrians walk past a Louis Vuitton store, operated by LVMH Moet Hennessy Louis Vuitton SA, as it stands illuminated at night in Shanghai.