Posts Tagged ‘Samsonite’
Samsonite to progress with US listing as weak consumer sentiment hits profits
The company also plans to enhance its brand portfolio through accretive M&A in the long term [HONG KONG] Samsonite International said that it continues to make progress towards a potential dual listing in the US, as profit fell amid weaker-than-expected consumer sentiment and slower retail traffic globally. China was notably impacted by challenging macroeconomic conditions,…
Read MoreSamsonite board approves plan to pursue second listing in the US
THE board of Samsonite International has authorised the luggage maker to pursue a dual listing in the US to improve liquidity and make its shares more accessible to investors globally. Samsonite, which is listed in Hong Kong, said in a Wednesday (Aug 14) statement that the US is the appropriate venue based on the company’s…
Read MoreSamsonite slumps as dual-listing plan dents buyout speculation
SAMSONITE International shares dropped as the luggage maker’s plans to pursue a second listing risks hurting hopes for a takeover from global buyout firms. The counter dropped 12 per cent in early Hong Kong trading on Friday (Mar 22). The company did not specify which exchange it was looking at, but said the move would…
Read MoreSamsonite considers options after takeover interest, including going private
SAMSONITE International is considering options after receiving takeover interest from suitors including buyout firms, sources familiar with the matter said. The Hong Kong-listed luggage maker is working with advisers as it studies possibilities including going private, the sources said, asking not to be identified because the information is not public. It has held preliminary discussions…
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