Hong Kong-based Samsonite International SA said Thursday it has agreed to buy outdoor goods company Gregory Mountain Products from Black Diamond Inc. for $85 million in cash.
Samsonite said the transaction is expected to close in late July. The luggage maker also said it increased its existing revolving credit facility from $300 million to $500 million, “giving it greater financial flexibility as it continues to evaluate acquisition opportunities globally.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)