New-age luggage startups like Mokobara, Nasher Miles, and Uppercase face financial strain as raw material costs surge 35-50% due to the Wes...

Samsonite, a global luggage leader, faces new digital-first competitors in India. The company prioritizes brand value over deep discounts, ...

A consortium led by Multiples Alternate Asset Management and Samvibhag Securities is set to acquire a 32% stake in VIP Industries from the ...

Samsonite attributes its weak performance in Asia to intense competition and discounting by VIP and Safari in India, impacting sales of its...

Discounting levels in India's luggage market are unsustainable, affecting profitability, says Samsonite CEO. Samsonite surpassed VIP Indust...

Nisaba Godrej resigned as independent director from VIP Industries board due to differences in leadership accountability and succession pla...

India's travel renaissance is driving a luggage revolution, with sales doubling. Global brands like Tommy Hilfiger and Delsey Paris are gro...

To capitalise on the growing demand, the company plans to expand its retail presence, increasing the number of AT (American Tourister) stor...

CRISIL Ratings on Wednesday said that India’s luggage industry revenue is set to rise 15% on-year this fiscal — despite a high-base effect ...

Covid-hit states such as Karnataka, Maharashtra, Gujarat and NCR are more than 30 per cent of VIP's sales. Besides, raw material cost has r...

The purchase took place as the company lowered its revenue growth guidance to 15-20%.

"In India, revenue break up is 75:25 in favour of soft luggage and for some time this trend will continue."

The luggage-maker has rolled out the television campaign with star cricketer Rohit Sharma for its mass luggage brand Aristocrat and is in t...

The appreciating trend in the rupee against major currencies also augurs well for VIP's luggage segment.

The company has seen its profits fall more than 50% in last three quarters, which has taken its share price to its yearly low.

In a chat with ET Now, Dilip Piramal, Chairman, VIP Industries, shares his views on company's performance.

"This year, we are looking at Rs 975 crore revenues," said VIP Industries Chairman Dilip Piramal, adding that the firm is now targeting the...