Originally a wool merchant, Loro Piana began as a textile mill, exporting high-end fabrics to Europe, Japan, and the Americas. Renowned for its extra-fine wool, cashmere, and vicuña, the company did not enter the ready-to-wear and luxury goods market until the 1980s. It is fair to say it hasn’t looked back since.

The fashion role is expected to bolster Frédéric Arnault’s credentials as a candidate to one day lead the luxury-goods giant.

LVMH appointed one of billionaire founder Bernard Arnault’s sons to lead its Italian cashmere brand Loro Piana, as part of a fresh leadership shuffle likely to put renewed attention on succession planning.