Samsonite Company Description
Samsonite has built a business on being tossed around and wheeled about. The world's #1 luggage maker, Samsonite makes softside and hardside suitcases, garment bags, and business cases under brand names such as Samsonite and American Tourister. The company also licenses its name for non-luggage products and dabbles in designer clothing. Samsonite makes travel gear (backpacks, duffel bags, wheeled luggage) for Timberland through a licensing agreement. It sells its products in more than 100 countries and through about 200 stores. Private equity firm CVC Capital Partners owns a majority stake in the ailing luggage maker. In 2009 Samsonite's retail unit filed for bankruptcy protection.
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The Company Description provides a historical perspective of Samsonite's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Samsonite's evolution in the marketplace.
