Home › Samsonite offers to buy premium luggage group Tumi for $1.8 bln
 

Keywords :   


Samsonite offers to buy premium luggage group Tumi for $1.8 bln

2016-03-04 04:17:00| Furniture - Topix.net

Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion, as the world's biggest luggage group expands into the premium segment. "It will meaningfully expand our presence in the highly attractive premium segment of the global business bags, travel luggage and accessories market," Samsonite Chief Executive Officer Ramesh Tainwala said in a statement.

Tags: group buy offers premium

Category:Consumer Goods and Services

Latest from this category

All news
05.07Reeves: 'There's not a huge amount of money'
05.07Rachel Reeves: Who is the UK's new chancellor?
05.07US jobs growth in June beats expectations
05.07Sun TV partners with MEASAT for global channel distribution
05.07Beamr enhances video processing with AI features
05.07Faisal Islam: Labour must act now to reboot the economy
05.07Mortgage costs 'biggest challenge' for homeowners
05.07Samsung expects profits to jump by more than 1,400%
Consumer Goods and Services »
05.07Hurricane Beryl Graphics
05.07Hurricane Beryl Forecast Discussion Number 28
05.07Tropical Depression Aletta Graphics
05.07Hurricane Beryl Wind Speed Probabilities Number 28
05.07Hurricane Beryl Public Advisory Number 28
05.07Hurricane Beryl Forecast Advisory Number 28
05.07Tropical Depression Aletta Wind Speed Probabilities Number 5
05.07Tropical Depression Aletta Forecast Advisory Number 5
More »