By  on April 23, 2009

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.

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