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☆ This expensive luggage may be key to LVMH's future — here's how Rimowa's CEO plans to keep growing
▼ + stars: | 2024-09-20 | by ( Brittany Chang | ) www.businessinsider.com time to read: +4 min

It's a luggage maker best known for one product, a grooved aluminum suitcase with a rabid fan base. Despite this, the suitcase company (along with cashmere maker Loro Piana) continued their "excellent momentum," LVMH said. It's "another step in the fashion space," Bonnet-Masimbert said, and a hint of how the company hopes to progress in the coming years. For a company so synonymous with luggage, it was an "interesting challenge," the CEO said — one that took three years to develop. "We feel we are very legitimate in that space, and that opens a lot of future product offerings," Bonnet-Masimbert said.

Persons: —, Louis Vuitton, Tiffany, Rimowa, Brittany Chang, Tumi, Vanessa Garoute, Tania Antonenkova, Martha Stewart, Piana, LVMH, Hugues Bonnet, Masimbert, Lewis Hamilton, Clive Mason, isn't, Bonnet Organizations: Service, Dior, Business, LVMH, tote Locations: Germany, China, Europe, Asia, North America

☆ This $1,400 luggage is the hottest quiet status symbol for celebrities and wealthy travelers. The more beat up it looks, the better.
▼ + stars: | 2024-09-18 | by ( Brittany Chang | ) www.businessinsider.com time to read: +10 min

If you don't recognize the brand's name, you might know its iconic grooved aluminum luggage. LVMH acquired the now-126-year-old German company in 2016Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company's buyers are split evenly between male and female. Brittany Chang/Business InsiderRimowa gave rise to two of the largest hard-shelled luggage trends when it debuted its aluminum luggage in the 1920s and its polycarbonate options eighty years later. (Hugues Bonnet-Masimbert, CEO of Rimowa, told BI that the company is constantly monitoring and improving its quality.) Brittany Chang/Business InsiderJust don't bring your luggage in for repairs when it inevitably gets scuffed up.

Persons: —, John Baptist's, he's, Martha Stewart, Rodger Federer, Billie Eilish, Baptist, John Baptist It's, LVMH, Hugues Bonnet, Brittany Chang, Louis Vuitton, Tiffany, Bernard Arnault's, Rimowa, they've, Tania Antonenkova, Tania Antonenkova Tania Antonenkova, Birkin, she's, Antonenkova, Carter Smith, Smith, doesn't, Haines, Masimbert, Vanessa Garoute, Garoute, Vanessa Garoute Garoute, — she's, you'll, Jane Birkinifying Organizations: Service, Business, York City Locations: Los Angeles, China, Europe, Asia, North America, Germany, Miami, Vegas, France, Rimowa's, York

☆ Dua Lipa and Callum Turner are bringing back this vintage travel accessory
▼ + stars: | 2024-03-29 | by ( Leah Dolan | ) edition.cnn.com time to read: +2 min

CNN —Romance was in the air at London’s St. Pancras station on Tuesday, and not just because burgeoning power couple Dua Lipa and actor Callum Turner were spotted returning from a trip to Paris. Beyond their similar leather jackets, there was something nostalgic, even sentimental about their looks. Turner wheeled a silver Rimowa cabin case decked out with a smorgasbord of luggage stickers. The fashion for luggage patches began around the 1900s — they were typically offered by grand, palatial hotels. “In this age of nostalgia… I say bring back the travel sticker,” wrote the New York Times in 1971, insisting that the colorful decorations are key to evoking pleasant memories and standing out from the crowd.

Persons: Dua Lipa, Callum Turner, Jane Birkin, Turner, Neil Mockford, ”, Birkin, “, it’s, Taylor, Lipa — Organizations: CNN, Dua, Puma, New York Times, Vogue Locations: London’s St, Pancras, Paris, Lipa, Palermo, Italy, Costa Rica, Greece, Israel, Palestine

☆ Bernard Arnault, the world's 3rd-richest person, is set to appoint 2 more of his children to the LVMH board
▼ + stars: | 2024-01-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Read previewBernard Arnault, the world's third-richest person, is set to appoint two more of his children to LVMH's board, France's La Lettre first reported. The French billionaire plans to propose his sons Alexandre Arnault, 31, and Frédéric Arnault, 29, as board members, the reports say, quoting unnamed sources. Four of Arnault's five children will sit on the LVMH board if their appointments are confirmed. Arnault cofounded LVMH in the 1980s and is its CEO and chairman. In May 2023, he became the third person to be worth more than $200 billion, according to the Bloomberg Billionaires Index.

Persons: —, Bernard Arnault, France's, Alexandre Arnault, Frédéric Arnault, Delphine, Bernard's, Antoine, It's, Arnault hasn't, LVMH, Alexandre, Vianney Le Caer, Louis Vuitton, Dior, Marc Jacobs, LVMH didn't, Donald Trump, he'd, Frédéric, Delphie, Dior Couture, Jean, Louis Vuitton's, Arnault, Elon Musk, Jeff Bezos Organizations: Service, Bloomberg, The Financial Times, Business, Novo Nordisk, Tiffany, New York Times, Mar, TAG, Christian Dior, Elon Locations: French, Danish, Swiss, LVMH

☆ There's a real-life 'Succession' drama playing out among the children of Bernard Arnault, the world's richest person and head of luxury behemoth LVMH
▼ + stars: | 2023-05-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

But there's a similar legacy battle going on inside LVMH, the French luxury house run by Bernard Arnault. The children of the world's richest man are vying for influence within LVMH in a "Darwinian" fight. Showrunner Jesse Armstrong says his fictional Roy family is inspired by several famous dynasties, such as the Hearsts — the family behind Hearst Communications — and the Redstones — the controlling influence behind Paramount Global. There's still plenty of rivalry between the progeny of Bernard Arnault, CEO of luxury goods behemoth LVMH and world's richest person. The Roy family of "Succession."

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