If you have traveled lately, especially outside the country, you may have carried a carry-on as well one or two checked baggage. You may have carried travel luggage made by Samsonite. The Hong Kong listed Samsonite is the world’s largest luggage manufacturing company. Even though it is domiciled in Hong Kong for last fifteen months, the company founded in December 1910 in Denver, Colorado and has gone through many owners since that time. Five major companies including Samsonite and Tumi are responsible for making one fifth of the world’s luggage industry. Samsonite is concentrating on making affordable luxury travel luggage.
In addition to its flagship Samsonite brand, they recently acquired the sports and casual bag maker High Sierra for $110 million and the company is in contract to buy Hartmann for $35 million. These acquisitions will allow the company to expand into business travel as well as capture the outdoor sports enthusiasts market. Samsonite is one of the major wholesale suppliers to department stores. Today its income comes from Asia (37 percent), Europe (31 percent), North America (25 percent) and South America (7 percent). Emerged from a restructuring in 2009, Samsonite generated $847 million in revenue in the first half of 2012.