MILAN — Entrepreneur Sergio Loro Piana died on Thursday at the age of 65. Details were not available, although it is understood Loro Piana had been ill for some time. A funeral date has not been made public, as it is believed it will be held privately. He is survived by his wife Maria Luisa and their three children.
Together with his brother Pier Luigi, Sergio Loro Piana helped build and expand the company, which dates back six generations, rotating the chairman and chief executive positions on a three-year basis. The siblings developed the firm, based in Quarona, Italy, into a prized manufacturer of exclusive fabrics and yarns, preserving its unique heritage, and sold an 80 percent stake to LVMH Moët Hennessy Louis Vuitton this past summer.
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)