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A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

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A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

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A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

Rimowa suitcase hi-res stock photography and images - Alamy

A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

Suitcases store hi-res stock photography and images - Alamy

A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

Report Library

A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

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A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

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A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

Lvmh hi-res stock photography and images - Page 2 - Alamy

A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

Rimowa take New York

A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

A traveler waits for a train with his Rimowa suitcase on a subway platform in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent

A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

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A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

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A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

LVMH buys 80 percent of German luggage group Rimowa

A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.

A Rimowa luggage store in New York on Wednesday, October 5, 2016. LVMH, the French luxury group, will buy an 80 percent stake in the German luggage manufacturer Rimowa for $716 million.