Samsonite hungry for acquisitions

The world’s largest luggage maker made a foray outside of travel bags in May but still has cash to put to work.

Samsonite hungry for acquisitions

Hong Kong-listed Samsonite International, the world’s largest maker of luggage, is looking to bag more acquisitions.

The company, which raised $1.25 billion from its floatation in Hong Kong in 2011, made a foray outside its traditional luggage sector in May when it bought Speck Products, which distributes protective cases for smartphones. That $85 million acquisition looks like being the shape of things to come.

According to Ramesh Tainwala, Samsonite's chief...

To continue reading, please login or register for free

Click for more on: samsonite | ramesh tainwala

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...