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LVMH to take 80% stake in luggage brand Rimowa

Thursday, October 6, 2016 - 05:50

London

LVMH Moet Hennessy Louis Vuitton, the largest luxury conglomerate in the world, said on Tuesday that it had agreed to buy a controlling stake in the German luggage brand Rimowa for 640 million euros (S$984 million).

The French company, whose brands include Christian Dior,

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