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LVMH bought an 80 per cent stake in Rimowa from Dieter Morszeck, grandson of .
French luxury group LVMH , owner of the Louis Vuitton brand, has . LVMH bought an 80 per cent stake in Rimowa from Dieter Morszeck, grandson of its founder, for €640 million in 2016. The acquisition marked the debut of Alexandre Arnault, the third-eldest child of LVMH founder Bernard Arnault, as a CEO at one of the company’s brands — with the potential to one day assume the mantle of his father .
French luxury group LVMH , owner of the Louis Vuitton brand, has agreed to buy an 80 percent stake in high-tech luggage maker Rimowa for 640 million euros (6 million), its first.
In 2016, when LVMH acquired the 80 percent stake in Rimowa (the other 20 percent remaining with Dieter Morszeck, grandson of Rimowa founder Richard Morszeck) the company was performing well. This was no Hail Mary for a sinking ship. Paris, France — Did LVMH buy Rimowa for the wheels? That’s the word on the street amongst some industry insiders, who suggest the brand’s high-tech wheels could end up on Louis Vuitton luggage in the near future. PARIS — Artist collaborations, digital features and a push into the U.S. are among probable new growth avenues for elite luggage maker Rimowa in the wake of its acquisition by LVMH Moët Hennessy. Luxury giant LVMH owns iconic household names like Louis Vuitton, Dior, and Tiffany and Co. And yet, one of its fastest-growing companies is a brand you might not have heard of — Rimowa.
PARIS, France — LVMH agreed to take over suitcase maker Rimowa for €640 million (6 million) and will put Alexandre Arnault in charge of the group's first German asset, a sign that Bernard Arnault is expanding his offspring's role in the luxury empire. Luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton has agreed to purchase an 80% stake in German suitcase maker Rimowa for €640 million, or about 7 million, according to a press.
Can Rimowa Pull a Louis Vuitton? Alexandre Arnault, chief executive of the LVMH-owned maker of hardshell suitcases, is betting that softening up — and inching toward the hyper-competitive handbag market — will drive growth during this tough time for .
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LVMH Moet Hennessy Louis Vuitton SE agreed to take over suitcase maker Rimowa for 640 million euros (6 million) and will put Alexandre Arnault in charge of the group’s first German asset, a. LVMH bought an 80 per cent stake in Rimowa from Dieter Morszeck, grandson of its founder, for €640 million in 2016. The acquisition marked the debut of Alexandre Arnault, the third-eldest child of LVMH founder Bernard Arnault, as a CEO at one of the company’s brands — with the potential to one day assume the mantle of his father . French luxury group LVMH , owner of the Louis Vuitton brand, has agreed to buy an 80 percent stake in high-tech luggage maker Rimowa for 640 million euros (6 million), its first.
In 2016, when LVMH acquired the 80 percent stake in Rimowa (the other 20 percent remaining with Dieter Morszeck, grandson of Rimowa founder Richard Morszeck) the company was performing well. This was no Hail Mary for a sinking ship. Paris, France — Did LVMH buy Rimowa for the wheels? That’s the word on the street amongst some industry insiders, who suggest the brand’s high-tech wheels could end up on Louis Vuitton luggage in the near future. PARIS — Artist collaborations, digital features and a push into the U.S. are among probable new growth avenues for elite luggage maker Rimowa in the wake of its acquisition by LVMH Moët Hennessy.
Luxury giant LVMH owns iconic household names like Louis Vuitton, Dior, and Tiffany and Co. And yet, one of its fastest-growing companies is a brand you might not have heard of — Rimowa. PARIS, France — LVMH agreed to take over suitcase maker Rimowa for €640 million (6 million) and will put Alexandre Arnault in charge of the group's first German asset, a sign that Bernard Arnault is expanding his offspring's role in the luxury empire.
Luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton has agreed to purchase an 80% stake in German suitcase maker Rimowa for €640 million, or about 7 million, according to a press.
Can Rimowa Pull a Louis Vuitton? Alexandre Arnault, chief executive of the LVMH-owned maker of hardshell suitcases, is betting that softening up — and inching toward the hyper-competitive handbag market — will drive growth during this tough time for .
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