Samsonite

Retail Asia18/03/2017

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 the year to December 31. Excluding Tumi, sales rose by a more modest […]

Retail Asia15/03/2017

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 2022 against 20 percent in 2016, said chief executive officer […]

Retail Asia27/02/2017

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 Tainwala says they are likely to double by 2022, thanks to […]

Retail Asia30/11/2016

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 strongest performance was the US where net sales increased by […]

Retail Asia27/10/2016

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 is on a mixed-use site that will include a […]

Retail Asia11/04/2016

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 saw net profit rise 6.1 percent to $197.6 million […]

Retail Asia12/03/2016

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 in an all cash transaction. “This is a transformational acquisition for Samsonite. It will […]

Retail Asia02/11/2015

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 other Asian markets. But he said the company’s strategy was dependent on more than economic […]

Retail Asia31/08/2015

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. Excluding the effects of foreign currency exchange rates, Samsonite’s profit attributable to […]

Retail Asia25/03/2015

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 Group worldwide posted double-digit growth in both net sales and adjusted EBITDA […]

Retail Asia06/03/2015

Samsonite International has bought Rolling Luggage, an international network of airport stores selling branded luggage and travel products for business, fashion, adventure and leisure. Samsonite paid the vendor, Tie Rack Retail Group, in turn owned by Rcapital, £15.75 million. The acquisition is part of Samsonite says is an ongoing strategy to enhance and strengthen its global […]

Tag: Samsonite

Samsonite sales grow despite Asia slow sales

Samsonite eyes global traveler in China

Samsonite Asia heightens focus on China

Good time for Samsonite

Penang outlet mall Design Village about to launch

Samsonite profits up in 2015 but outlook ‘uncertain’

Samsonite to pay US$1.8 bn for Tumi

Samsonite Singapore plans more stores

Samsonite sales soar globally

Asia leads Samsonite sales boom

Samsonite snaps up retail chain