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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