Friday January 17, 2020

LVMH bags stake in German luggage maker

9th October, 2016
4
Dieter Morszeck, grandson of Rimowas founder

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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