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Related Keywords: a French multinational luxury goods conglomerate, acquires, an Italian clothing company, conservative approach to investments, eighty percent stakes, keep its own development strategy unchanged, Loro Piana, LVMH, LVMH allows fashion house, specializing in high end wool and cashmere products, with controlled expansion

LVMH, a French multinational luxury goods conglomerate, headquartered in Paris and a home to 70 distinguished Houses rooted in six different sectors. True to tradition, each of their brands builds on a specialty legacy while keeping an unwavering focus on the exquisite caliber of its products has acquired 80 percent majority stake of Loro Piana, an Italian clothing company specializing in high end wool and cashmere products with headquarters in Quarona, a small town in northern Italy.

Related Keywords: Australian farmer, certifies bale of wool, honours breeders, Italian textile giant, Loro Piana, New Zealand Stud Merino Breeders Society, produce finer fibre, produced 11 micron bale, records micron fibre count, Superfine Wool Growers' Association, worlds best raw material

A competition was started in 2000, designed to push farmers to produce an even finer fibre. In its 14th year, the competition was won by Australian farm Pyrenees Park in Victoria. Farmers Pamela and Robert Sandlant produced an 11-micron bale.

The Italian textile giant, Loro Piana, honours the breeders that produce the finest bale of wool, and then takes the fibre to produce just 40 bespoke men's suits.

This equalled the effort by New Zealand farmers Yvonne and Barrie Payne, from Timaru, however the Australian fibre was judged to be slightly stronger.

Related Keywords: American Woolen, camel hair, cashmere, Jacob Harrison Long, Loro Piana, production, silk, subsidiary, textile mill, Warren Corp textile mill, worsted wool

Warren Corp textile mill, a 161 year-old mill closed in June, after Warren decided to do so was acquired by American Woolen CEO Jacob Harrison Long which is renamed as American Woolen Warren Mill and has begun production. It is Stafford’s only surviving textile mill.

American Woolen CEO Jacob Harrison Long said that he is “selectively” hiring back workers — those laid off when the mill was being closed and has hired about 20 so far. The people who are coming back are critical to running the operation at the current output.