ROME — Loro Piana has acquired 60 percent of vicuna firm Sanin SA as part of the Italian group’s efforts to invest in the research and development of the finest yarns and fabrics.
Sanin is an Argentinean company that owns the right to shear wild vicunas living on a territory of 210,000 acres in the province of Catamarca, Argentina. During a press conference held Friday at the stunning Villa Medici here, which houses the Academy of France and stands on the Pincian hill overlooking the Spanish Steps, chief executive officer Pier Luigi Loro Piana said the company had invested $1.6 million in the project, but underscored that it should not be seen as a financial investment.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)