LVMH Fund Invests in Norwegian Luggage Brand Db Bags

LVMH’s luxury fund has taken a minority stake in the Norwegian luggage brand Db Bags, originally named Dochebags. It is LVMH’s luxury fund’s second investment in a Scandinavian brand, after Our Legacy, of which it acquired a minority stake in November.

This is also LVMH’s second investment in the travel accessories space, after scooping up 80% of German luxury luggage maker Rimowa, in 2017. Since then, Rimowa has proven itself robustly at the intersection of luxury and functionality,…