Website www.rimowa.com Founder Paul Morszeck Parent organization LVMH | Headquarters Cologne, Germany Founded 1898 | |
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Type Gesellschaft mit beschränkter Haftung Key people Dieter Morszeck, General Manager Profiles | ||
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Rimowa GmbH, stylized as RIMOWA, is a German manufacturer of luggage made of aluminium as well as polycarbonate. The name RIMOWA is derived from Richard Morszeck Warenzeichen.
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History
Richard Morszeck and his father Paul were the owners of a manufacturing company for suitcases. Due to a fire, all the materials used for the production were destroyed except for the aluminium stock. In 1937, Richard created the first suitcase made entirely from aluminium, which combined high stability and low weight.
Today, Rimowa also produces luggage made of polycarbonate, always with its characteristic design structure. The products are manufactured in Germany, the Czech Republic, Canada and Brazil.
On January 23, 2017, pursuant to the transaction agreement announced on October 4, 2016, LVMH acquired, for 640 million euros, an 80% stake in Rimowa, the luggage and leather goods maker founded in Cologne in 1898 and known for its innovative, high-quality luggage. The 20% of the share capital that has not been acquired is covered by a put option granted by LVMH, exercisable from 2020. Rimowa will be fully consolidated with effect from January 2017. Rimowa’s revenue for 2016 is expected to exceed 400 million euros.