If you’re in the market for a new suitcase, you may be wondering who buys Rimowa luggage. The answer may surprise you. Rimowa is a German luggage company that is owned by the French luxury group LVMH. LVMH is a conglomerate that owns many high-end brands, including Louis Vuitton, Givenchy, and Bulgari. The company has agreed to buy an 80% stake in Rimowa for 640 million euros. This is the first time that LVMH has acquired a German company.
So, who buys rimowa luggage?
The French luxury group LVMH, which owns the Louis Vuitton brand, has agreed to buy an 80 percent stake in the high-tech luggage maker Rimowa for 640 million euros ($716 million). This is the group’s first acquisition in Germany.
Rimowa produces high-quality, lightweight luggage with a focus on innovative design and technology. The company’s products are popular with business and leisure travelers alike, and its products are sold in more than 70 countries around the world.
The acquisition by LVMH will give Rimowa access to the group’s vast resources and global reach. It will also allow the company to tap into the group’s customer base, which includes some of the world’s wealthiest people.
The deal is expected to close in the second half of 2016.
Let’s dig into it and see where it takes us.
KEY TAKEAWAY:
- Rimowa produces several different types of luggage, each designed for a different type of traveler. The Original is the company’s signature aluminum suitcase, perfect for business or leisure travel. The Classic Check-In is a larger suitcase ideal for longer trips, while the Hybrid is a smaller, lighter option perfect for carry-on. The Essential and Essential Lite are both great for everyday use, while the Essential Sleeve is perfect for protecting your laptop or tablet during travel.
- Rimowa is a great option for high-quality luggage. Their products are stylish, well-made, and come with a variety of useful features.
- Rimowa luggage is made from high-quality materials that make it durable and long-lasting. The company uses an aluminum alloy that is both lightweight and strong, and their wheels are also very durable.
- Rimowa’s most popular suitcase, the Classic Flight Multiwheel, retails for around $950.
- Rimowa luggage can be found at many luxury stores or online retailers. Prices vary depending on the style and size of the suitcase, but Rimowa offers free shipping on all orders.
How Much Did Lvmh Buy Rimowa For?
As stated in the information above, Louis Vuitton’s parent company paid €640 million (US$706 million) for an 80 per cent stake in Rimowa in October 2016. This purchase gave Louis Vuitton a significant share of the luggage market.
Did Lv Buy Rimowa?
Yes, in 2016 the French luxury conglomerate LVMH (Moët Hennessy Louis Vuitton) acquired an 80% stake in the German luggage company RIMOWA for 640 million euros. Alexandre Arnault, son of LVMH chairman Bernard Arnault, became the CEO of RIMOWA. This acquisition marked LVMH’s first German subsidiary.
Why Is Rimowa Famous?
Rimowa is famous for its iconic aluminium suitcases. The company’s distinctive grooved design was inspired by the Junkers F13, an all-metal aircraft that set new records when it flew in 1919. Today, Rimowa’s suitcases are still considered to be design icons, and the company remains one of the most well-known and respected luggage brands in the world.
Is Rimowa Under Lvmh?
Rimowa is a German luggage manufacturer that is owned by the French luxury conglomerate LVMH. LVMH also owns a number of other fashion and leather goods brands, such as Louis Vuitton, Fendi, and Celine. Rimowa has been part of LVMH since 2016.
What Is The Revenue Of Rimowa?
Rimowa’s revenue in 2016 was $444 million.
Where Is The Luggage Carousel For Flights Arriving From Atlanta?
The luggage carousel for flights arriving from Atlanta is located in the arrivals hall.
When Will We See Each Other Again?
It is impossible to know for sure whether or not we will see each other again in heaven, as the Bible does not give a definitive answer. However, it is plausible that we will know each other in heaven, as our relationships with each other will be based on love and understanding, rather than on earthly things like power and prestige.
ESSENTIALS:
- What Are Some Of The Luxury Brands That Lvmh Owns?: Some of the luxury brands that LVMH owns are Louis Vuitton, Givenchy, Moet & Chandon, Krug, Veuve Clicquot, Hennessy, and Château d’Yquem.
- What Are The Features Of Rimowa Luggage?: Rimowa luggage is known for its durability, style, and functionality. Key features include the Multiwheel system, TSA-approved locks, riveted aluminum corners, hand-made leather handles, and the brand’s signature groove design. The small cabin carry-on is popular for its size and versatility. The flex-dividers in the main compartment are ideal for holding small items such as toiletries and swimsuits.
- How Much Does Louis Vuitton Luggage Cost?: The most popular Louis Vuitton luggage options are suitcases, duffles, and garment bags, which range in price from $2,900 to $4,100. The brand also offers a rolling luggage option for $2,100 and a variety of mens rolling luggage options starting at $1,700.
Final Word
Rimowa, a German luggage company, has been bought by the French luxury group LVMH for 640 million euros. This is LVMH’s first acquisition in Germany, and it marks a significant investment in the future of travel.
Rimowa produces high-quality, durable luggage that is perfect for the modern traveler. With features like integrated digital locks and GPS tracking, Rimowa is at the forefront of the luggage industry. This acquisition will allow LVMH to tap into a new market and continue to grow its business.
The Rimowa brand is synonymous with quality and luxury, and this acquisition will only solidify LVMH’s position as a leader in the luxury goods market.
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