LVMH's Loro Piana put under court administration in Italy over labour exploitation
This is the second time one of the luxury group's businesses has been taken to court over labour issues.
MILAN - An Italian court on July 14 placed under judicial administration LVMH's high-end Italian cashmere firm Loro Piana for indirectly subcontracting its production to Chinese-owned firms accused of exploiting workers, the latest brand to be embroiled in investigations into labour malpractice inside the Italian luxury supply chain.
The court in Milan ordered a one-year administration for Loro Piana Spa, according to a 26-page ruling reviewed by Reuters, in the latest in a string of cases that have tainted the image of Italy's luxury brands.
The administration will be lifted earlier if the company brings its practices into line with legal requirements.
The court said Loro Piana Spa 'culpably failed' to adequately oversee its suppliers in order to pursue higher profits.
Loro Piana could not immediately be reached for comment.
LVMH, the world's biggest luxury group, acquired 80 per cent of Loro Piana in July 2013, leaving 20 per cent in the hands of the Italian family that founded the company.
Loro Piana is the fifth fashion company to be targeted by the same Milan court over similar labour issues since December 2023, following Italian fashion group Valentino,
an Italian unit of LVMH's Dior , Italy's Armani, and Alviero Martini, an Italian handbag company.
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The Milan court lifted the judicial administration it placed on Dior, Armani and Alviero Martini before the end of the one-year deadline imposed on them. The order against Valentino, on the other hand, is much more recent, dating back to May. REUTERS
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