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SAMSONITE EXPANSION
Global Market: Hong Kong IPO boom draws rising interest from overseas companiesHong Kong's stock market is seeing more foreign companies file for listings. Firms from countries like Indonesia and South Korea are explor...- Samsonite makes India its biggest manufacturing base, domestic travel & weddings to fuel demandSamsonite has significantly expanded its Nashik plant, making India its largest manufacturing hub with a capacity of 7 lakh units monthly. ...
- India's luggage market to touch Rs 267 bn by 2028, branded segment to outperform: Motilal OswalIndia's luggage market is set for big growth. A new report forecasts a 12% annual rise, reaching Rs 267 billion by 2028. Weddings and incre...
- Turnaround slower, but VIP's on recovery path: Chairman Dilip PiramalVIP Industries posted a 10% rise in net sales at Rs 2,215 crore last fiscal. However, net profit plunged to Rs 28 crore in FY24 from Rs 161...
- 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...
- Samsonite says it grew 40 pc in first half of 2023; eyes Rs 3,600 crore sales by DecemberTo capitalise on the growing demand, the company plans to expand its retail presence, increasing the number of AT (American Tourister) stor...
- Retailers have big plans in store this yearExperts said leasing in 2023 could outpace even the 2019-level when retailers cumulatively took up a record 6.8 million sq ft of new space.
- Travel data shows India's economic recovery is on solid groundWhen combined with anecdotal evidence about the surge in visa applications, hotel booking and flight search data suggest that the official ...
- Luxury lingerie brand Wacoal to enter IndiaWacoal will invest Rs 100 million (Rs 10 crore) to enter the Indian innerwear market, which is estimated to be worth Rs 170 billion.
- Periwinkle by side, Wacoal eyes foothold in IndiaThe new venture will be named Wacoal India, with Wacoal International Hong Kong holding 51 per cent stake in the company.
- Hartmann opens maiden store in Bengaluru; plans five more by 2015-endAmerican luxury luggage brand chose Bengaluru as its debut city, as modern yet luxurious commercial district is perfect location for this h...
- Samsonite aims Rs 1,000-cr sales in India by 2015Global luggage and travel accessories major Samsonite is aiming a business of Rs 1,000 crore in India by December 2015.
- GTL Infrastructure develops cold feet, scraps plan to raise $300 millionGTL Infrastructure, which was seeking to raise about $300 million from institutional investors, has scrapped its fund raising plans due to ...
- Samsonite to invest Rs 150 cr in India this yearSamsonite Corp said it will invest over Rs 150 crore in India primarily on advertising and marketing, besides retail expansion for its 'Sam...
- Premium luggage brand Witco has over 60% share of Chennai marketWith 9 outlets in Chennai and Bangalore, Witco is a name to reckon with in the southern part of the country.
- We’re quite optimistic about India storySamsonite’s President, Asia-Pacific and Middle East, Dr Ramesh Tainwala, who is now shuttling between the continents to develop business in...
- Falling rentals help retailers expandFalling rentals are proving to be a boon for a cross-section of businesses which, for a while, had to defer their expansion plans in variou...
- Samsonite looking to make India key sourcing hubGlobal luggage company Samsonite is looking to make India a key sourcing hub as China loses its cost advantage due to the appreciation of i...
- Slowdown’s boon for cos negotiating new store rentalsLast 2 years have seen prohibitive rentals eating into profit margins of several brands, which forced some of them to hold back their expan...
- Samsonite plans $70 mn expansionSamsonite, one of the leading travel bag maker, is looking at upping its revenues from the international markets with India, China and the ...
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