By  on March 3, 2016

HONG KONG–Samsonite International agreed to buy Tumi Holdings Inc. in an all-cash deal that values the premium travel goods company at $1.8 billion.

This is the biggest acquisition for the luggage maker since Samsonite went public in 2011. Samsonite’s chief executive officer Ramesh Tainwala called the deal “transformative” and said the two companies’ business models and product lines complement each other and can forge synergies.

To continue reading this article...

load comments
blog comments powered by Disqus