Loro Piana Vice President Sergio Loro Piana Passed Away
(NEW YORK) Knits master Sergio Loro Piana died yesterday at the age of 65. Loro Piana had been suffering from an illness for some time, although the exact cause of death has not been disclosed. He is survived by his wife Maria Luisa and their three children.
Sergio Loro Piana and his brother Pier Luigi Loro Piana served as vice presidents of the Loro Piana brand, which dates back six generations to the 19th century. The luxury cashmere and wool purveyor officially became known as Loro Piana in 1924 under Pietro Loro Piana. This summer, the brothers sold a majority stake in the company to LVMH, and earlier this month Antoine Arnault was appointed chairman. The Loro Piana brothers still held a 20 percent stake in the company and took on new roles as vice presidents and members of the board at the company.