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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: samsonite | ramesh tainwala

Print Edition

FinanceAsia Print Edition

EVENTS