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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.
