Global luggage products maker Samsonite International is running high to acquire local brands in India in a bid to scale up the market share. The Hong Kong-listed company is in talks with a local luggage maker in the country. In a media interaction, Suresh Menon, CEO at Samsonite South Asia Pvt Ltd, said, “We are looking at local brands for acquisitions in India and other Asian markets. Till last year, we were only looking at global brands, but now we want to focus local,” He, did not name the Indian luggage company with whom Samsonite is in talks with.
This move is initiated to increase the market share