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Published on Aug 30, 2016
Shares
of Samsonite International were higher Tuesday as the company expects
an improvement in the second half of the year. The company announced a
1% increase in sales in the six months of the year to almost $1.21
billion. But profit fell to $100.3 million amid headwinds, including
currency volatility in many of its markets. The group also closed its
$1.8 billion purchase of Tumi on August 1. Samsonite's CEO told
Bloomberg that he wants to double Tumi's sales to $1 billion within
three years.
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