Samsonite going from strength to strength
Group has confidently set a US$2b turnover target for Asia in the next five years.
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THINK luggage, and the Samsonite brand is among the first many would think of. Introduced in 1941, it has been central to the growth and success of the broader group.
In recent years, however, Samsonite has been on an acquisition spree, acquiring the High Sierra and Hartmann brands in 2012, followed by Lipault, Speck and Gregory in 2014.
The acquisitions were calculated to expand Samsonite's brand portfolio, which previously comprised Samsonite and American Tourister, which it acquired in 1993.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities