Samsonite plans to buy US based eBags for $105 million

Samsonite expects it to be completed in the second quarter of 2017
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Samsonite International S.A., one of the world’s largest travel luggage companies, plans to buy US based online travel bags retailer, eBags Inc for $105 million.

The deal will be funded by internal resources and a revolving credit facility. Samsonite expects it to be completed in the second quarter of 2017.

Earlier this week, Samsonite said that it had taken direct control of the wholesale and retail distribution of Tumi products in Hong Kong, Macau and China from April 1.

 

 
 
 
 
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