What can be said about the global market potential and size of your business line?
It is difficult to foresee our global market potential in times like these. What we can do and are doing is to continue sticking to our main values which are: timeless fashion, uncompromising quality, best raw materials, tight production control, 100% made in Italy, exclusivity, understatement, personality, and comfort. We are positive that by keeping focused on our values, they will continue to pay back.
Why did you decide to start a line for home furnishing?
We registered the need of our customers to extend the quality and attention to detail that they are already used to from our clothing fabrics and collections, to their homes and everything that surrounds them in their daily life.
Loro Piana Interiors was launched in 2007 with an exclusive fabric collection that includes noble fibres such as cashmere, fine-spun wool, angora, silk, linen and cotton. The quality of the fabrics as well as the leathers is held to the highest standards to ensure long wear and easy maintenance without sacrificing their natural softness, and lightness. The upmost in luxury is the precious carpet One Step to Heaven made of 100% cashmere (1 m² is made of 2 kg of fibre), conceived for the most intimate of environments, not only at home, but also for the furnishing of private yachts, aeroplanes and helicopters.
Uncompromising quality, unique raw materials and timeless elegance for an international lifestyle, are also the fundamental values of Loro Piana Interiors.
In your opinion, when can the signs of recovery from the current economic downturn be expected?
This is a question that everyone is asking themselves…
In any case, we are positive that by keeping on doing what we do best, we can be at the front of the fleet once the storm is over. In fact, studies show that in times of economic recession, people prefer to spend money on quality, durability and timelessness rather than fast fashion and that is exactly what we offer.
What level of competition do you confront in your business? How does Loro Piana brand maintain its popularity and ‘profitability’ in particular, even when being stringent on premium quality from raw materials to after sales services?
Competition is global and it is on everything.
We chose to concentrate on sophisticated and demanding clients who appreciate true quality and made in Italy products and decided to keep on investing in intrinsic value.
Loro Piana applies a meticulous quality control from the very first selection of the raw materials directly from the breeders, (Peru for vicuna, Mongolia and China for cashmere, Australia and New Zealand for the finest merino wool) through all stages of production in Italy, until the finished fabrics and products on the shelf. Our customers are aware of this process and know that ours is a quality they can trust. Furthermore Loro Piana items are timeless and last to the extent that some are even passed on from one generation to the next. This way they serve almost like a form of investment. The trust of our customers and friends is what keeps us focus on our mission and helps keeping true quality profitable.
Fibre2Fashion has been media partner for ‘International Year of Natural Fibre –IYNF 2009’. Loro Piana being the manufacturer of natural fibre mades, we would request your comments on significance of this league, and would like to know how do you foresee the fruits of efforts taken in this direction?
We are fond of natural fibres and I am happy to see that people are becoming more aware and appreciative of our endeavours of using them whenever possible, substituting man made fibred. Of course we can not live completely without mad made fibres, but everyone should do their bit to reduce their own personal consumption.
By privileging natural fibres, we exploit the best that nature can give without causing any unnecessary pollution to the earth, seeing as “man made” fibres will still cause damage for centuries to come (and we do not know how much it will cost to destroy them), while wool, cashmere and all other natural fibres will long have been recycled and returned to mother earth.
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.