Bonelli and Chiomenti lead on French luxury goods giant LVMH's €2bn cashmere purchase

Bonelli Erede Pappalardo and Chiomenti Studio Legale have taken the lead roles on French luxury goods conglomerate LMVH's purchase of a €2bn (£1.7bn) stake in Italian cashmere producer Loro Piana. LMVH, which was formed by the 1987 merger of fashion house Louis Vuitton with Moet Hennessy, has bought an 80% share in family-run Loro Piana in a deal that is subject to approval from competition authorities.

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