A picture taken on July 9, 2013 shows the frontage of a shop of Italian exclusive ready-to-wear fashion group Loro Piana in Paris. French luxury conglomerate LVMH will assume control of Italian Loro Piana by buying an 80 percent stake for about 2 billion euros ($2.5 billion), the company said in a statement on July 8, 2013. LVMH said that the Loro Piana family will keep the remaining 20 percent share, and that the Italian company’s current directors, Sergio and Pier Luigi Loro Piana, will keep their posts. AFP PHOTO / LIONEL BONAVENTURE / AFP PHOTO / LIONEL BONAVENTURE