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Double-digit growth in all regions was recorded for its first quarter by travel luggage company Samsonite International. Ffor the three months to the end of March, net sales in Asia increased by 13.4 per cent to US$324.8 million in constant currency. Net…
Samsonite Asia sales lept 16 per cent last year, a rate slower than the Hong Kong-listed company’s global growth, and predominantly driven by the acquisition of Tumi. The world’s largest travel luggage company achieved global sales of US$3.49 billion, up 23.3…
Clashing head-on with manufacturers who sell through its platform, China’s JD.com has introduced its own brand, Jing Zao. Its initial 38 products range from towels to suitcases in similar style to Japan’s Muji or US luggage maker Samsonite, but at a lower…
Football superstar and fashion icon Cristiano Ronaldo has been appointed American Tourister brand ambassador. Ronaldo is the holder of the FIFA Ballon d’Or Award for a record fifth time. The former Manchester United and now Real Madrid record goal-scorer has…
Luggage company Samsonite International had record half-year net sales of US$1.5 billion, a year-on-year increase of 31.8 per cent. Its acquisition of the Tumi brand had “significant” positive impact on its performance in Asia, reports the company, announcing…
Hong Kong-headquartered luggage company Samsonite International is to buy online retailer eBags for US$105 million cash. The deal is part of Samsonite’s strategy to accelerate the growth of its e-commerce business. “With eBags’ immediate resources and digital…
A soft Asian market failed to take the gloss off a stellar performance for Hong Kong-listed luggage giant Samsonite International. Buoyed by the addition of the Tumi business it acquired last August, Samsonite sales grew 17.3 per cent to US$2.81 billion in…
One of the world’s largest luggage makers Samsonite International SA is banking on e-commerce to fuel its China business, which is set to record 12 to 14 percent growth in the coming years. The company hopes to have one-third of its sales generated online by…
Branded luggage-maker Samsonite Asia aims to make China its biggest market within five years, pinning its hopes on eCommerce and social media to fuel growth. While sales in China now account for more than 10 per cent of its total revenue, Samsonite CEO Ramesh…
Buoyed by its Tumi acquisition, Samsonite sales soared in the last quarter in every market, even in its weakest link, Asia. The world’s largest luggage maker and retailer achieved a net sales boost of 22.8 per cent in the three months to September 30. Its…
Penang will gain its first premium outlet mall, Design Village, next month. In Batu Kawan in mainland Penang, it will be the biggest outlet mall in Malaysia. It was developed by PE Land, which owns and runs The Spring shopping mall in Kuching. The outlet mall…
Luggage giant Samsonite on Thursday warned its outlook for this year was “uncertain” owing to the growth slowdown in key market China and a stronger US dollar. The firm said in a filing with the Hong Kong Stock Exchange that despite a tough trading year, it…
Luggage giant Samsonite is to pay US$1.8 billion for US-based Tumi, the luggage and travel accessories brand. In a joint statement, the two companies said they have entered into a definitive agreement whereby Samsonite will acquire Tumi for US$26.75 per share…
Samsonite Singapore plans at least two new stores in the city this year. Speaking in an interview with the Straits Times, Samsonite CEO Ramesh Tainwala acknowledged his business faces high operating costs and slower economic growth in Singapore, compared to…
Samsonite sales soared 16.6 per cent in the first half of this year. The Hong Kong-based travel luggage retailer says it has benefited from “robust growth in travel and tourism worldwide” achieving sales of US$1.197 billion in the six months to June 30.…
Asia led a global sales boom for luggage specialist Samsonite last year. Samsonite Group’s net sales in Asia soared 16.1 per cent to US$892.3 million in the year to December 31. Excluding foreign currency effects, net sales increased by 18 per cent. Samsonite…
