LVMH Moët Hennessy Louis Vuitton S.E. (ENXTPA:MC) completed the acquisition of Rimowa GmbH from Dieter Morszeck and family.
January 23, 2017
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LVMH Moët Hennessy Louis Vuitton S.E. (ENXTPA:MC) entered into an agreement to acquire 80% stake in Rimowa GmbH from Dieter Morszeck and family for €640 million on September 30, 2017. Upon completion, Dieter Morszeck will continue to hold equity stake in the business and will continue to maintain his leadership functions. Rimowa GmbH reported a turnover of approximately €350 million in 2015. Alexandre Arnault will be appointed Chief Executive Officer of Rimowa. The transaction is subject to the approval of the competition authorities and regulatory approval. The transaction is expected to close in January, 2017. Oliver Schröder, Michael Brems, Boris Witt, Valentin Pfisterer, Silke Jurczyga, Martin Begiebing, Romano Subiotto, Niklas Maydell, Daniel Ilan, Emmanuel Ronco, Elisabeth Macher, Katie Dunn, Anne-Sophie Coustel, Daniel Weyde and Jens Hafemann, Bosco Yiu, Andrew Kao, Maya Ilich-Buxo, Wai Chung Yuen, Simona Gradisek, Arora Rashmi, Friedrich Andreas Müller., Cunzhen Huang, Tilman Kuhn, Henning Wegmann, Sibylle Vieille-Cessay, Marta Janek, Jun Feng, Thilo Wienke, Sophia Croonenbrock, Martin Braun, Cristina Caroppo , Natalie Farmer, Lilia Stancheva, Juliette Guillemot and Hendrik Müller-Lankow of Cleary Gottlieb Steen & Hamilton LP (France) acted as legal advisors for LVMH Moët Hennessy Louis Vuitton. Arnd Herff of KBHT Müller Dreizehner & Kollegen acted as legal advisor to Rimowa.
LVMH Moët Hennessy Louis Vuitton S.E. (ENXTPA:MC) completed the acquisition of Rimowa GmbH from Dieter Morszeck and family on January 23, 2017.
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.
Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).
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