Sergio Loro Piana Passes Away

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Sergio Loro Piana Passes Away

Sergio Loro Piana, former chairman and chief executive of the six-generation family-run Loro Piana, passed away yesterday after battling a longtime illness. The Quarona, Italy-based luxury textile firm was 80% acquired by LVMH last July, but Sergio and his brother Pietro remained as vice presidents. Pietro is now the only member of the founding Loro Piana family to represent the company. It remains to be seen if he will maintain the 20% stake that he and Sergio kept together.

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