Samsonite news and archive

Samsonite H1 sales rise despite ‘stronger headwinds’, mulls dual listing

Kyle Gendreau, chief executive officer of Samsonite, expressed his satisfaction with the travel bag company’s financial results for the first half of 2024, citing an increased investment in marketing as the driver behind its year-on-year constant currency net sales growth. This came despite “strong headwinds”, challenging macroeconomic...

Business

Samsonite reportedly eyeing second listing, H1 financials bolstered by Asia recovery

Luggage specialist Samsonite found itself in a rumour spiral today, after reports circulated claiming it had been eyeing a second US listing. The Hong Kong-traded company, which also owns Tumi, was believed to be considering such a step in order to help attract more investors in the US, while further providing a new avenue for fundraising,...

Business

Samsonite to buy luggage rival Tumi

The world's biggest luggage maker, Samsonite, has confirmed that it has agreed to buy luxury rival Tumi for 26.75 dollars per share in an all-cash transaction, as it looks to gain access to the premium end of the luggage market. Tumi, which makes products ranging from rolling luggage to tablet cases and briefcases, has been valued at 1.8 billion...