LVMH shares up on Loro Piana cashmere brand purchase Shares in LVMH have risen by more than 2% after it bought 80% of Italian luxury cashmere clothing brand Loro Piana for 2bn euros ($2.57bn; 1.7bn). The deal values the family-owned company at 2.7bn euros. It started as a wool mill in 1924 and is the largest Western manufacturer of cashmere, LVMH said. The deal comes two years after LVMH bought jeweller Bulgari, and a decade after it acquired leather goods maker Fendi and fashion label Emilio Pucci. "The price is steep, but it is a fairly unique business," said Paul Swinand, analyst at market researcher Morningstar. Loro Piana makes 30% of its sales in Asia and has enjoyed continued strong demand in China. It expects sales to
Jordan 12 playoffs size 10 grow by about 10% this year, after growth of 13.1% to 630m euros in 2012. LVMH said that, as well as seeking a wider global presence for Loro Piana, it also planned to expand
to buy size Jordan 8 bugs bunny the Italian brand's leather goods offering. In late morning trade in Paris, shares in LVMH
retail value of Jordan 5 grape were up by 2.14% at 131.50 euros.
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