Luggage companies have taken a battering as coronavirus restrictions have all but shut down global travel. Photo: Winson Wong

Luggage giant Samsonite suffers first-quarter loss of US$787 million as Covid-19 brings global travel to a standstill

  • The ‘near-complete halt in travel and tourism worldwide’ will affect the company’s earnings for the rest of 2020, says CEO Kyle Gendreau
  • The group’s supply chain has been affected as factories in China shut down for a prolonged period after Lunar New Year
Topic |   Tourism
Luggage companies have taken a battering as coronavirus restrictions have all but shut down global travel. Photo: Winson Wong
READ FULL ARTICLE