$3.6 Billion Travel Luggage Company Samsonite Plans Dual Listing in United States to Increase Investors Base & Liquidity, Currently Listed on Hong Kong Exchange Since 2011, Announced Share $200 Million Buy-Back
16th August | Hong Kong
Travel luggage company Samsonite with $3.6 billion market value has announced plan for a dual listing in United States to increase investors base & liquidity. Samsonite is currently listed on Hong Kong Exchange (HKEX) since 2011. About Samsonite – With a heritage dating back to 1910, Samsonite International S.A. (“Samsonite” or the “Company”, together with its consolidated subsidiaries the “Group”), is a leader in the global lifestyle bag industry and is the world’s best-known and largest travel luggage company. The Group is principally engaged in the design, manufacture, sourcing and distribution of luggage, business and computer bags, outdoor and casual bags and travel accessories throughout the world, primarily under the Samsonite®, Tumi®, American Tourister®, Gregory®, High Sierra®, Lipault® and Hartmann® brand names as well as other owned and licensed brand names. The Company’s ordinary shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”).
“ $3.6 Billion Travel Luggage Company Samsonite Plans Dual Listing in United States to Increase Investors Base & Liquidity, Currently Listed on Hong Kong Exchange Since 2011, Announced Share $200 Million Buy-Back “
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$5.4 Billion Travel Luggage Company Samsonite Plans Dual Listing, Currently Listed on Hong Kong Exchange
30th March 2024 – Travel luggage company Samsonite with $5.4 billion market value (28/3/24) has announced plan for dual listing. Samsonite is currently listed on Hong Kong Exchange (HKEX). Announcement: “Samsonite International S.A. (“Samsonite” or “the Company”, together with its consolidated subsidiaries, “the Group”; SEHK stock code: 1910), a leader in the global lifestyle bag industry and the world’s best-known and largest travel luggage company, today announced that its board of directors (“Board”) has authorized the Company’s management to pursue listing the Company’s shares on a second leading stock exchange in addition to the Hong Kong Stock Exchange. The Company recently announced outstanding results for the year ended December 31, 2023, including strong double-digit net sales growth year-on-year and record gross profit margin and Adjusted EBITDA margin1. An additional listing would increase liquidity of the Company’s shares and create an opportunity to reach investors in markets that are an important part of the Company’s global footprint and growth drivers for its business.” About Samsonite – With a heritage dating back to 1910, Samsonite International S.A. (“Samsonite” or the “Company”, together with its consolidated subsidiaries the “Group”), is a leader in the global lifestyle bag industry and is the world’s best-known and largest travel luggage company. The Group is principally engaged in the design, manufacture, sourcing and distribution of luggage, business and computer bags, outdoor and casual bags and travel accessories throughout the world, primarily under the Samsonite®, Tumi®, American Tourister®, Gregory®, High Sierra®, Lipault® and Hartmann® brand names as well as other owned and licensed brand names. The Company’s ordinary shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”).
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