LVMH bags stake in German luggage maker
Luxury goods giant LVMH, which own famous brands such as Louis Vuitton and Christian Dior, has bought an 80 per cent stake in high-end German luggage maker Rimowa for €640 million.
“My grandfather founded Rimowa more than a century ago, and I joined the company 44 years ago. By entrusting this family venture to the LVMH Group, we are guaranteeing a promising future to all Rimowa employees.”
Dieter Morszeck, grandson of Rimowa’s founder
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