Cashmere Brand Loro Piana Replace CEO Will Take Office In September

As report goes,

Loro Piana appointed Fabio d 'Angelantonio as new CEO. He will take over Matthieu Brisset and formally take office in September 1st.

Antoine Arnault, President of Loro Piana, said that Fabio d Angelantonio has a lot of experience in global brand expansion, retail operations and personnel management, and Fabio d "Angelantonio has also promoted the brand.

And the development of textiles.

In 2013, LVMH group bought 80% of the family brand at a price of 2 billion euros.

This is also the largest purchase made by LVMH since its acquisition of Italy's jewellery brand Bulgari50.4% in 2011 for $5 billion 200 million.

Antoine Arnault points out:

Three years after the acquisition of Loro Piana, the top management team has integrated the company's business into the LVMH group. At the same time, the company has retained the brand value and the positions of all employees.

Fabio d 'Angelantonio is currently the chief marketing officer and Sunglass Hut president of Luxottica, a Italy eyewear manufacturer. He also worked as a marketing executive at Belgium Editions Hemma publishing house, Italy Fiat Automobile Group's network division and Indesit electric company from 1995 to 2004.

Loro Piana has been famous for its strict selection of the highest quality wool and cashmere. Its wearability, functionality and comfort are highly regarded.

In every garment, the fine art of fine workmanship, excellent quality and aesthetic pursuit are permeated.

Hand sewing, exquisite workmanship, skin details and personalized accessories ensure that Loro Piana takes the lead in the luxury market.

Loro Piana also has one of the world's largest luxury yarn and textile production departments, producing cashmere wool, cotton and linen and other fabrics, with an annual output exceeding 14 million 800 thousand square feet.

These fabrics are very valuable resources for LVMH's luxury brands, such as Dior and Louis Vuitton.

The brand also has a growing number of men's and women's clothing products and a wide range of retail networks. Up to now, there are more than 160 public stores in the world and 7 factories in Italy, including 15 stores in mainland China, and 12 stores in Hong Kong, Macao and Taiwan.