Loro Piana Celebrates Rodeo Drive Flagship, Launches Centenary Book

MILAN –  In its “Loro Piana way,” the Italian luxury company has been celebrating its 100th anniversary this year, and the opening of the Los Angeles flagship on Rodeo Drive can be considered the cherry on top.

The store is a strong statement for Loro Piana, and one that has been envisioned by chief executive officer Damien Bertrand since Day One.

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“Historically, Loro Piana has had a very strong business on the East Coast, and my second trip in my role at the company was to the U.S. because I knew that market had a big potential,” said Bertrand in an exclusive interview.

The executive joined Loro Piana in November 2021 from Dior and he recalled how he visited Los Angeles in January 2022, “walking on Rodeo Drive with the team,” and identifying the space. “This was the one, and we found it by walking around, visiting the stores. This is what Mr. [Bernard] Arnault [chairman and CEO of Loro Piana parent LVMH Moët Hennessy Louis Vuitton] does all the time, and it’s something that, as a CEO, I think is very important to do, to be on the ground with the team, seeing your clients and how the market evolves. It’s not in the office that you see what’s happening.”

Bertrand believes in the strength of Rodeo Drive and, while there was a smaller previous store on the street in a different location, the new flagship is almost four times bigger with a selling area of 7,776 square feet. It is also more centrally located on the same stretch as Dior and Gucci, with an inviting VIP floor and terrace to cater to locals including Zendaya, Sofia Richie, Jeff Bezos, and Leonardo DeCaprio, who have helped make the brand’s Extra Pocket bags, Rebecca flats, White Sole shoes and sustainable red carpet suits stealth wealth statements.

Loro Piana has 23 stores in the U.S. and, banking on the potential of California, it opened a unit in Palo Alto in March 2023 and one in Montecito at the end of August. The Rodeo Drive flagship was quietly unveiled at the end of July but its official opening will take place Thursday. It will be celebrated with a cocktail party and dinner with expected guests including “Succession” scion Jeremy Strong, Andrew Garfield, Will Arnett and Sarah Paulson.

“We mapped carefully where we wanted to be and where we felt we had a community,” explained Bertrand.

As per LVMH policy, Bertrand could not disclose the revenues generated in North America, but he said that, in the last three years, Loro Piana has doubled its business in the region.