If you’re someone who’s interested in fashion and luxury brands, you may have come across the name RM Williams. Known for their high-quality leather boots and accessories, the Australian-based company has been a favorite among fashion enthusiasts for decades.
However, there has been some confusion about who actually owns the brand. In this article, we’ll explore whether RM Williams is owned by Louis Vuitton.
RM Williams: A Brief History
RM Williams was founded in 1932 by Reginald Murray (RM) Williams in Adelaide, South Australia. Williams started the company to create durable and practical boots that could withstand the harsh conditions of rural Australia. Over time, RM Williams expanded its product line to include clothing and accessories while still maintaining its focus on quality craftsmanship.
Louis Vuitton: A Luxury Powerhouse
Louis Vuitton is a French luxury brand that was founded in 1854 by Louis Vuitton himself. The brand is known for its iconic LV monogram logo and high-end products ranging from handbags to clothing to jewelry. Louis Vuitton has become one of the biggest names in the fashion industry with a net worth of over $47 billion.
Is RM Williams Owned by Louis Vuitton?
The short answer is yes – Louis Vuitton does own RM Williams. In October 2020, it was announced that L Catterton Asia (a private equity firm backed by LVMH) had acquired an 82% stake in RM Williams for $190 million AUD (approximately $137 million USD). LVMH (Louis Vuitton Moët Hennessy) is a French multinational luxury goods conglomerate that owns brands such as Christian Dior, Fendi, Givenchy, and many more.
What Does This Mean for RM Williams?
With LVMH’s backing, RM Williams is expected to expand its global presence and further cement itself as a luxury brand. The acquisition also means that RM Williams will have access to LVMH’s vast resources and expertise in the luxury industry, which could lead to exciting new collaborations and products.
Final Thoughts
While some may be surprised to learn that RM Williams is now owned by Louis Vuitton, it’s important to remember that this acquisition can only benefit the brand. With LVMH’s support, RM Williams has the potential to grow even more while still maintaining its commitment to quality craftsmanship. So if you’re a fan of RM Williams, keep an eye out for exciting new developments in the future!
- RM Williams was founded in 1932 by Reginald Murray (RM) Williams in Adelaide, South Australia.
- Louis Vuitton is a French luxury brand that was founded in 1854 by Louis Vuitton himself.
- L Catterton Asia (a private equity firm backed by LVMH) had acquired an 82% stake in RM Williams for $190 million AUD (approximately $137 million USD).
- The acquisition also means that RM Williams will have access to LVMH’s vast resources and expertise in the luxury industry.
In conclusion, while it may take some getting used to for longtime fans of the brand, LVMH’s ownership of RM Williams can only mean good things for the future of the company.