• Mon
  • Jul 28, 2014
  • Updated: 1:55pm

Samsonite

Samsonite sales rise to record levels

Net sales at Samsonite International, the world's largest luggage company, rose 13.2 per cent last year to a record US$1.77 billion as international tourist arrivals grew 4 per cent to more than one billion for the first time.

Wednesday, 20 March, 2013, 4:35am

Samsonite interim profits hit record, powered by travel demand, Asia and North America

 US luggage maker Samsonite on Tuesday posted record first-half sales, boosted by strong global travel demand as well as growth in Asia and North America.

The firm, which makes suitcases, casual bags and other travel products, said profit for the six months to June 30 jumped 263 per cent to US$90.1 million, up from US$24.8 million during the same period a year ago.

28 Aug 2012 - 1:06pm

Turning firms around: a case study

Tim Parker's track record for firing employees as part of corporate workouts once prompted labour unions to nickname him 'Prince of Darkness'. But to shareholders and creditors, he is more like a Prince Charming, especially for his turnaround of luggage maker Samsonite, where he is chairman and chief executive.

12 May 2012 - 12:00am

Case for optimism on Asian growth

Confident that Asia is going places, luggage maker Samsonite plans to add 500 sales points in the region this year, including 200 in China.

29 Mar 2012 - 12:00am

Samsonite net takes 47 per cent nosedive

Samsonite's first-half net profit plunged 46.62 per cent to US$16.39 million, but the luggage-maker said its full-year profit target of US$64.2 million was still feasible and might even be surpassed.

31 Aug 2011 - 12:00am

Mixed results for IPOs

Hong Kong's new-listings market is winding down its first half on an off note. No fewer than 14 IPOs were pulled from the Hong Kong market in the first six months. And of the 34 new listings that priced in the market in that period, only 10 are trading above their offer price, according to Thomson Reuters data.

4 Jul 2011 - 12:00am

Samsonite offer draws lukewarm response

Global brands have stepped up efforts to raise capital in Hong Kong but luggage maker Samsonite's HK$11.75 billion initial public offering has been given the cold shoulder by retail investors.

9 Jun 2011 - 12:00am

Samsonite rejects multi listings

Samsonite International considered listing in the United States and Europe but a flotation in Hong Kong would give the luggage maker a firm footing in Asia, chairman and chief executive Tim Parker said yesterday.

3 Jun 2011 - 12:00am

Samsonite hopes to raise HK$11.75b from local IPO

Luggage maker Samsonite International is poised to become the latest overseas company to list in Hong Kong, hoping to raise HK$11.75 billion in an initial public offering.

31 May 2011 - 12:00am

Cases that suit

Discerning travellers looking for unique luggage can now have their own specially made. Samsonite's Black Label couture collection gives high-flyers the chance to customise their luggage right down to the lining. Pieces include the classic beauty case (above), side spinner case, tote bag, duffle bag, hat box, wallet and shoulder bag.

1 Jul 2007 - 12:00am

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