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Tag: samsonite
Samsonite accused of 'massaging profits'
2018-05-24 14:18:02| BBC News | Business | UK Edition
An investor claims the world's largest luggage maker is using questionable accounting practices.
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Samsonite boss: I always carry two cases
2018-03-29 01:31:38| BBC News | Business | UK Edition
Samsonite is perhaps the world's best-known luggage brand. Chief executive Ramesh Tainwala explains why online shopping is the biggest threat and opportunity to his business.
Samsonite to bring its plastics expertise to Tumi
2016-04-06 12:56:54| Furniture - Topix.net
Samsonite International SA has in-house molding for its hard-shelled plastic suitcases. It will bring that expertise to its new acquisition, Tumi Holdings Inc. Luggage maker Samsonite International SA has bought another prominent maker of suitcases, Tumi Holdings Inc., in a purchase that Samsonite said was driven partly by potential for innovations in hard-shelled plastic luggage.
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Samsonite to pay US$1.8 billion for Tumi in biggest deal since listing
2016-03-04 04:17:01| Furniture - Topix.net
Samsonite International SA, the world's largest branded-luggage maker, agreed to buy luxury baggage maker Tumi Holdings for about US$1.8 billion in its biggest acquisition since selling shares to the public five years ago. Tumi investors will receive US$26.75 per share in cash, Samsonite said in a Hong Kong stock exchange statement on Friday.
Samsonite offers to buy premium luggage group Tumi for $1.8 bln
2016-03-04 04:17:00| Furniture - Topix.net
Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion, as the world's biggest luggage group expands into the premium segment. "It will meaningfully expand our presence in the highly attractive premium segment of the global business bags, travel luggage and accessories market," Samsonite Chief Executive Officer Ramesh Tainwala said in a statement.
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