Referring to "undisclosed and unauthorized subcontractors of one of its suppliers," the Italian luxury company stated that "in breach of its legal and contractual obligations, the supplier did not inform Loro Piana of the existence of these subcontractors.

By Emilio Parodi MILAN (Reuters) -Cashmere king Loro Piana, part of LVMH's luxury empire, became on Monday the fifth high-end brand to be put under judicial administration in Italy over worker abuses in supply chains,