You love your Rimowa luggage, but who else is buying this high-end German luggage? It turns out that the luxury conglomerate LVMH is buying a majority stake in Rimowa. This means that some of the other brands under LVMH’s umbrella, like Givenchy, Marc Jacobs, and Bulgari, may start being seen with Rimowa luggage in hand.
So, who buys rimowa?
The LVMH group, which controls a large number of prestigious brands, is buying a stake in Rimowa. The company’s founder’s grandson, Dieter Morszeck, will retain a stake in the business and continue to lead the company. Alexandre Arnault, one of LVMH’s boss Bernard Arnault’s sons, will become co-chief executive alongside Morszeck.
Rimowa’s products are aimed at a luxury market, and it is likely that LVMH’s acquisition will help to increase the brand’s visibility and reach. LVMH is a well-established player in the luxury market, and its involvement will likely help to boost Rimowa’s sales.
Let’s dig into it and see what secrets it holds.
- The majority of Rimowa buyers are male (48.33%) and fall within the age range of 18-34 years old.
- The average income of RIMOWA buyers is €42,546, according to a recent study.
- Rimowa buyers are most prevalent in Europe and North America.
- A large percentage of Rimowa buyers are actually from China.
- Rimowa’s luggage is most popular with younger travelers.
Who Bought Rimowa?
Rimowa is a German luggage manufacturer. It was founded in 1898 by Paul Morszeck. The company was originally called Rheinische Metallwarenfabrik, but it was later renamed Rimowa. The company is currently owned by LVMH.
How Much Did Lvmh Buy Rimowa For?
According to the information provided, Louis Vuitton’s parent company paid €640 million (US$706 million) for an 80 per cent stake in Rimowa in October 2016. This represents a significant increase in the company’s share of the luggage market.
Why Is Rimowa Famous?
Rimowa is famous for its distinctive grooved design, which was inspired by the Junkers F13, an all-metal aircraft that set new records when it flew in 1919. The company’s iconic aluminium suitcases are instantly recognizable and have been immortalized in popular culture. Rimowa is also known for its commitment to quality and innovation, as evidenced by its numerous awards and patents.
Is Rimowa Under Lvmh?
Yes, RIMOWA is under the LVMH (Louis Vuitton Moet Hennessy) umbrella. LVMH is a French multinational corporation that owns a number of high-end fashion and luxury brands. RIMOWA is one of the company’s fashion and leather goods brands.
What Was The Revenue Of Rimowa In 2019?
Rimowa’s revenue in 2019 was $53.7 billion.
What Were The Key Motivators For Lvmh In Acquiring Rimowa?
The key motivators for LVMH in acquiring Rimowa were to attract and develop young talent, to create a new strategy for the environment, and to expand their portfolio into the luggage industry.
How Can I Purchase A Rimowa Suitcase?
You can purchase a Rimowa suitcase by visiting the company’s website or through an authorized retailer. If you need to repair your suitcase, you can find your nearest Rimowa repair center on the company’s website.
- When Is The Next Rimowa Sale?: There is no specific date for the next Rimowa sale, but the company is currently offering a promotion where customers can receive a gift voucher for their next purchase when they sell their used Rimowa suitcase.
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Who buys Rimowa? The answer is LVMH. LVMH is a conglomerate that owns many high-end brands, including Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, Bulgari, and Tiffany & Co. LVMH is buying the stake from Dieter Morszeck, grandson of the founder of Rimowa, who will retain a stake in the business and maintain his leadership role. Alexandre Arnault, one of the sons of LVMH boss Bernard Arnault, will become co-chief executive alongside Morszeck.