By MOOK Scenic Spots House, compiled and reported
LVMH Group Acquires Premium Luggage Brand RIMOWA. (Image source / RIMOWA)
The German RIMOWA brand has long been a family-owned business, managed by Dieter Morszeck. LVMH CEO Bernard Arnault is also a loyal user of RIMOWA. The similarity in their management philosophies led to this change in business partnership. The transfer is expected to be completed in January 2017. Although LVMH will hold the majority of shares, the brand is likely to remain managed primarily by RIMOWA’s original team.
This article is published by HowToTrip. Sharing and reposting are welcome — please credit the source.
Article URL: https://www.howtotrip.net/views-34230