2013 was indeed an eventful year for luxury giants LVMH and former PPR – symbolically renamed Kering last March, which, despite the recession, made significant acquisitions, while several of their designers swapped labels.
After sealing a major deal with prestigious jeweller Bulgari in 2011, last July, LVMH purchased eighty percent of Loro Piana, another Italian family-led business well known for its high-end cashmere sweaters, for two billion euros. LVMH also bought a majority stake in celeb...
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