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.