If you’re like me, you love the sleek design and durability of Rimowa luggage. But you may be wondering, who owns Rimowa? I was curious too, so I did some research and found out that Rimowa has changed hands a few times since it was founded in 1898. Most recently, in 2017, it was acquired by French luxury group LVMH for 640 million euros. LVMH is now the majority shareholder of Rimowa, with a 80% stake in the company. Alexandre Arnault, son of LVMH CEO Bernard Arnault, is the current CEO of Rimowa.
So, who owns rimowa?
Rimowa was founded in 1898 by Paul Morszeck and Heinrich Görtz. Görtz left the company two years later, leaving Morszeck as the sole owner. In 2017, Rimowa was acquired by French luxury group LVMH for 640 million euros. LVMH is now the majority shareholder of Rimowa, with a 80% stake in the company. Alexandre Arnault, son of LVMH CEO Bernard Arnault, is the current CEO of Rimowa.
Let’s dig into it and see what secrets it holds.
- Rimowa was founded in 1898 by Paul Morszeck, and started out as a luggage manufacturer. It eventually expanded into other areas, such as travel accessories and clothing. Today, it is owned by LVMH and sold in over 70 countries.
- Rimowa specializes in high-quality, durable luggage, especially its corrugated aircraft aluminum luggage, which is both strong and lightweight.
- Rimowa has grown significantly since it was founded in 1898. What started as a small family business has now expanded into a leading luggage brand with over 1,000 employees and a presence in more than 70 countries. Thanks to its commitment to innovation and quality, Rimowa has seen a lot of success in recent years and is poised for continued growth in the future.
- Rimowa has faced several challenges over the years, including how to keep its core values intact while growing the business, how to appeal to a wider range of customers, and how to keep up with innovation. While the company has been able to overcome these challenges, they continue to be a major player in the luggage market.
- Rimowa operates in over 70 countries around the world, and has a network of over 1,000 retailers. The company sells a variety of luggage products, including carry-on baggage, suitcases, and travel accessories. Rimowa also offers a repair service for its products, and provides a lifetime guarantee on all of its products.
Who Is Rimowa Owned By?
In 2016, Rimowa was sold by TPG Capital to LVMH for an estimated $640 million.
Who Is The Ceo Of Rimowa?
Rimowa is a German luggage company that is headquartered in Cologne. The company was founded in 1898 by Paul Morszeck, and it is currently run by his grandson, Dieter Morszeck. Dieter Morszeck has been the CEO of Rimowa since 2006.
How Much Did Lvmh Buy Rimowa For?
Louis Vuitton’s parent company, LVMH, paid €640 million (US$706 million) for an 80 per cent stake in Rimowa in October 2016. This gave LVMH a sharp increase in its share of the luggage market.
Who Founded Rimowa?
Paul Morszeck founded RIMOWA in 1898. He was motivated by a desire to create a better suitcase that could withstand the rigors of travel. RIMOWA has since become known for its high-quality, durable luggage. The company continues to innovate, introducing new features and designs that make travel easier and more enjoyable.
Where Is Rimowa Made?
Rimowa is a German luggage company that was founded in 1898 and its headquarters are still located in Cologne, Germany. It has production facilities in Germany, the Czech Republic, Brazil, and Canada.
What Size Rimowa Suitcase Should I Buy For A 3-Day Trip?
The RIMOWA Original Cabin carry-on suitcase or the RIMOWA Essential Cabin in Citron yellow are both great choices for a 3-day trip.
How Much Does Rimowa Luggage Cost?
Rimowa luggage typically starts at around $600 for a carry-on suitcase and can cost upwards of $900 for a check-in suitcase. The quality of Rimowa luggage is generally seen as being worth the higher price tag.
- What Is The Dimensions Of The Rimowa Cabin Trolley?: The Rimowa cabin trolley has the following dimensions: 21.7 inches by 15.8 inches by 7.9 inches.
- When Is The Next Rimowa Sale?: It is unclear when the next Rimowa sale will be, but it is likely that there will not be a Black Friday sale in the United States this year. However, the company is focusing on its German roots with a new campaign that includes a short film directed by Wim Wenders.
- How Long Is The Rimowa Warranty?: Rimowa products come with a 2-year manufacturer’s guarantee, which can be extended to 5 years if you register your case online. From July 25, 2022, Rimowa will provide a lifetime manufacturer’s guarantee for new suitcases purchased.
- How Much Does The Rimowa Essential Cabin Cost?: The Rimowa Essential Cabin bag is a beautiful and functional carry-on suitcase for domestic and international travel. While the $700 price tag is steep, it is worth the investment for the features and quality of the bag.
- How Can I Find A Rimowa Store In The Usa?: You can find a Rimowa store in the USA by using the Rimowa app or the store locator on the website.
Rimowa is a German luggage company that is owned by LVMH. The company was founded in 1898 by Paul Morszeck and is currently headquartered in Cologne, Germany. Rimowa is best known for its aluminum suitcases, which are considered to be some of the best in the world.