LORO PIANA announces exceptional results
Italian luxury maison Loro Piana, famous for its classic designs and cashmere ready to wear (”made in Borgosesia, Italy”), has announced a 21% increased in its turnover for 2010, reaching the level of 500 million euros. ”Our only compass to guide us is quality without any compromises”, the company CEO Pier Luigi Loro Piana told Italian media. The company’s turnover is made more than 80% in its own retail network, the rest being exclusive multibrands and corners in major US department store.
As a novelty, this year, the company launches eyewear and also the ”My first baby cashmere” select product line, made from young goats of Hyrcus variety which the company helps to breed.
Europe remains Loro Piana’s main market with 34% of its turnover (of which 7% Italy), followed by the US (24%), Hong Kong & China (12%), Japan & Korea (11%).