To be precise, LVMH (Moët Hennessy Louis Vuitton), the parent company of the Louis Vuitton brand, owns a majority stake in RIMOWA. In October 2016, LVMH acquired an 80% stake in the German high-end luggage manufacturer for approximately 640 million euros. This acquisition marked the first time the LVMH group added a German company to its portfolio of "Maisons." Since the takeover, RIMOWA has shifted its strategy toward a more luxury-focused lifestyle brand, collaborating with other LVMH-owned entities like Dior and Fendi. While Louis Vuitton and RIMOWA are "sister brands" under the same corporate umbrella, they operate as distinct houses with their own unique design philosophies—Louis Vuitton focusing on its historic monogrammed leather and canvas, and RIMOWA specializing in its signature grooved aluminum and polycarbonate suitcases.