TOKYO — Despite a grueling market for luxury goods, Loro Piana managed to post sales growth in 2008.
For the year, the company reported revenue grew 1.4 percent to 426.3 million euros, or $627 million at average exchange, as sales of Loro Piana’s luxury products, like cashmere sweaters and wool suits, helped compensate for a decline in textile sales. Revenue would have risen 5.1 percent at constant exchange rates.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"