Samsonite

The investment funds may consider teaming up and forming a consortium if Samsonite decides to move forward with a plan to go private, in that case, more bidders could emerge

Asian Games 2022: India's largest-ever contingent comprising 634 athletes will represent the country at the event that will take place from September 23 to October 8 in Hangzhou, China

Premium luggage manufacturer Samsonite has grown close to 40 per cent in the first half of 2023 and it aims to touch Rs 3,600 crore sales by December, a top company official has said. Samsonite, having 35 per cent share in the Rs 15,000-crore domestic organised luggage market, leads the premium segment with its various products labelled with the original name as well as under the brand of American Tourister. While its recent addition of Kamiliant brand competes with Safari and VIP in the value segment, American Tourister is positioned between Samsonite and Kamliant as a mass-premium brand. The company said it gets 20-25 per cent business from premium segment where it faces little competition. Founded by Jesse Shwayder in 1910 in Colorado, Denver, the American parent Samsonite International is traded on the Hong Kong exchange which earlier in the day reported a USD 1.04 billion in gross profit for the first six months of 2023, up 47.5 per cent on-year. Its revenue climbed 44.5 per

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The company said in a statement to the Hong Kong stock exchange that its CEO, Ramesh Tainwala resigned for personal reasons

Samsonite's factory in Nasik currently makes around 80,000 units a month and plans to go up to 100,000 units

Opens its first 'House of Samsonite' in Indore

Kamiliant brand to enter the below-Rs 5,000 segment

Samsonite looks smart to walk away with Tumi

The firm will fund the deal through bank financing; deal to help it expand presence in premium segment of global business bags