Samsonite acquires eBags


Samsonite acquires eBags

Samsonite International has entered into an agreement to acquires eBags Inc., an online retailer of bags and accessories, for a cash consideration of US $105 million. The acquisition forms part of the luggage specialist’s strategy to develop its direct to consumer reach. eBags was launched in 1998 and sells a wide range of brands including Samsonite products and posted sales of US $158.51 million for the year to December 25th 2016.

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