Rimowa is a popular luggage brand that has been around for over a century. The brand has gained a loyal following due to its durable, stylish, and high-quality suitcases.
However, there have been rumors circulating that Rimowa is owned by Louis Vuitton. Is this true? Let’s explore.
History of Rimowa
Rimowa was founded in 1898 in Cologne, Germany. The brand started off as a small luggage manufacturer, producing wooden suitcases with leather handles. Over the years, the company evolved and began using new materials such as aluminum and polycarbonate to create lightweight yet sturdy suitcases.
LVMH Acquisition
In 2016, it was announced that LVMH Moët Hennessy Louis Vuitton SE had acquired an 80% stake in Rimowa for €640 million (approximately $716 million USD). This caused speculation that Rimowa was now owned by Louis Vuitton.
LVMH: Who Are They?
LVMH Moët Hennessy Louis Vuitton SE is a French multinational luxury goods conglomerate. The company was formed in 1987 through the merger of fashion house Louis Vuitton with Moët Hennessy. LVMH now owns over 60 luxury brands including Fendi, Givenchy, and Christian Dior.
The Truth About Rimowa Ownership
While it is true that LVMH acquired an 80% stake in Rimowa back in 2016, it is important to note that Rimowa still operates as an independent brand within the LVMH group. Alexandre Arnault, son of LVMH CEO Bernard Arnault and CEO of luggage brand RIMOWA since January 2017 stated: “Rimowa will remain an independent business unit within LVMH.”
Rimowa’s Unique Identity
Despite being part of the LVMH group, Rimowa has maintained its unique identity. The brand continues to produce high-quality luggage that is both functional and stylish. Rimowa suitcases are known for their durability and innovative designs, such as their signature grooved aluminum casing.
Conclusion
So, to answer the question – is Rimowa owned by Louis Vuitton? Technically yes, as LVMH owns an 80% stake in the company.
However, Rimowa still operates independently within the LVMH group and has maintained its unique identity and reputation for producing high-quality luggage. LVMH’s acquisition of Rimowa has allowed the brand to expand globally and continue creating innovative products for its loyal customers.
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