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Samsonite cites discounting by rivals as India sales fallSamsonite attributes its weak performance in Asia to intense competition and discounting by VIP and Safari in India, impacting sales of its...- Level of discounting in India is not sustainable, says Samsonite CEODiscounting levels in India's luggage market are unsustainable, affecting profitability, says Samsonite CEO. Samsonite surpassed VIP Indust...
- Indian market is shining bright on several global CEOs' radarAmerican footwear company Skechers Inc chief financial officer John Vandemore said the total capital expenditure of $300-350 million for th...
- India bags Samsonite's 2nd-largest market tag, overtakes China in last calendar yearTo be sure, Samsonite's China sales stood at $228 million in 2021 compared with India that clocked $140 million. India's revenues stood at ...
- Business surge in India helping to offset sales shortfall in China, Samsonite International CEOSeveral countries in Asia, except China, are easing their travel restrictions, which is fueling a strong recovery in their markets in the s...
- Globalization is alive and kicking in trade’s big 2020 comebackThe drop in international commerce was quick and steep during the first coronavirus lockdowns, but a rebound fueled by emergency fiscal and...
- Samsonite CEO Ramesh Tainwala quits amid governance concernsThe world's biggest luggage maker said Ramesh Tainwala would leave after an investment firm accused him of falsely claiming to have a docto...
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