Samsonite news and archive

Samsonite Group to acquire Béis in 210 million dollar deal

Samsonite Group has agreed to acquire Béis, the lifestyle and travel brand founded by actress and entrepreneur Shay Mitchell, in a deal valuing the business at approximately 210 million dollars. The acquisition will see Samsonite acquire 85 percent of Béis for 178.5 million dollars, funded through cash and available borrowing capacity. Mitchell...

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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...

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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,...