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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.
Today it was announced that Antoine Arnault, son of LVMH head honcho Bernard Arnault, has been appointed chairman of luxury Italian cashmere company Loro Piana. Brothers Sergio and Pier Luigi Loro Piana, who still own 20 percent of the business, will both serve as vice presidents at the company.