Hints and tips:
...In 2016 Samsonite acquired rival Tumi for $1.8bn, and the following year purchased some of Tumi's Asian distributors....
...The company’s said the acquisition of Tumi and Tumi’s distribution network in certain markets in Asia was undertaken in conformity with International Financial Reporting Standards....
...Tumi’s gross margin expanded 2 percentage points, to nearly 65 per cent. The company says there is room for this to rise further as Tumi is integrated into Samsonite’s sourcing....
...In March Samsonite unveiled plans to buy Tumi, a luxury luggage company, for $1.8bn, an acquisition which it completed on August 1....
...It approached Tumi last year but failed to reach an agreement....
...Pack your bags, Tumi, you’re being taken over. Luggage maker Samsonite has confirmed it has reached an agreement to buy Tumi, the US luxury bag maker, for $26.75 per share, or about $1.82bn....
...Tumi design would remain largely the same....
...Since Tumi rebuffed Samsonite and instead listed in 2012, the latter has cut its discount from half Tumi’s valuation to a quarter less, at 19 versus 25 times expected earnings....
...Tumi now expects full-year diluted earnings in the range of 88 and 92 cents from earlier guidance of 92 to 96 cents....
...The group is hopeful that exits such as the initial public offering of Tumi, valuing its investment at about eight times what it paid for initially, will help secure commitments....
...www.jakevintage.com … Belt: Tumi I am a big fan of Tumi products: my luggage, briefcase and wallet are also all by Tumi. They really understand today’s travelling executive....
...Tumi is an interesting case....
...(Financial Times) Hedge fund assets have just hit a record high, according to data from Hedge Fund Research Inc....
...Tumi was acquired from the founding family, shareholders and Oaktree Capital Management by Doughty Hanson in November 2004 for $276m. Additional reporting by Tim Bradshaw...
...Brooks Brothers is, however, sub-leasing its pop-up on Main Street from previous tenant, Tumi....
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