Loro Piana, owned by LVMH, has denied accusations of unfair treatment towards vicuña wool suppliers in Peru following a Bloomberg report, with US Congressman Robert Garcia seeking explanations from the label’s president and CEO. The label refuted claims of exploitation, stating that its purchases from the Lucanas community account for 4% of Peru’s total, providing substantial income to villagers and emphasizing its $20 million investment in Peru-based suppliers over the past decade. Loro Piana defended its practices, highlighting the annual one-day harvest and the price range of $300 to $400 per kilo of wool, while pledging to enhance oversight of the supply chain to ensure fair distribution of payments to harvesting organizations.