Loro Piana’s first year under LVMH ownership turns out modest financials

For the first year under LVMH ownership, Italian luxury house of Loro Piana reports profit decline of 15,8% to 49,3 milion euros. Revenues were up a mere 4,7% to 483,6 million euros.

According to Italian media, Loro Piana’s results for fiscal 2013 were positive for its ‘luxury goods’ (+14%) and ‘interiors’ (+11,5%) product divisions, while its ‘textile’ division saw a decline of 9,3%

These figures provide partial data on the performance of Loro Piana, which, since 2013 no longer reports consolidated results, these being integrated into those reported by the group.

Loro Piana store, Rodeo Drive, Beverly Hills