Luggage Brand Tumi Shareholders Through Samsonite Merger Agreement
The world's largest
brand
Luggage manufacturer Samsonite International SA
Samsonite
International Limited announced today that Tumi Holdings Inc. had formally adopted the merger agreement at the shareholders' meeting and reached a precondition for the completion of the merger.
Samsonite announced in March 4th this year that it will buy Tumi Holdings Inc. in cash with a total of 26.75 US dollars or about 1 billion 824 million 100 thousand US dollars. This purchase price is 13.6 times that of the latter 2015 in the 2015 core year, and Tumi Holdings Inc. has become Samsonite's largest acquisition.
Samsonite CEO Ramesh Tainwaia said after the paction that the acquisition of Tumi Holdings Inc. was a "pformational" strategy paction for the group's high-end brand vacancy.
Tumi Holdings Inc. in
market
Positioning, price and distribution and entry-level brand American Tourister and the core brand of the same brand Samsonite Samsonite overlap, perfect match group brand portfolio.
He also suggested that mergers could boost global market share from 9% to 12%.
Samsonite is expected to complete the acquisition of Tumi Holdings Inc. in the second half of the fiscal year, and the deal will have to be approved by Samsonite shareholders.
Samsonite had a sharp rise of 6.7% on Wednesday, eventually closing at HK $23.10, narrowing to 2.67% throughout the day.
- Related reading
The Competition Is Too Great! In 2016, 12 Brands Such As Elite Have Entered Or Will Soon Enter The Chinese Market.
|
- Domestic data | Global Cotton Usage Will Increase By 3% In Fiscal Year 2011-12
- Industry Overview | Financing Is The Chief Culprit Of "Short-Lived" In Smes.
- Fashion shoes | The Latest Spring Shoes In 2011
- Power flow analysis | 2011 Milan Autumn Winter Fashion Week Moschino Navy Wind
- Daily headlines | The "High Cost Era" Quietly Comes To The Industry.
- Power flow analysis | 2011 Milan Autumn Winter Fashion Week Dsquared2 Cowboy Girl
- Fashion shoes | Spring Wear With High Heel Shoes &Nbsp; No Fashion Trend.
- Instant news | Ten Annual Celebration Of China Internet Industry Annual Conference Held In Beijing
- Power flow analysis | 3 Key Words Affecting The Clothing Market
- international master | Young Designer Zhang Wenhui: The First Person From A University Class To A Fashion Week In Paris.
- Ordinary White Shirts Are Different From Each Other.
- Han Tang Footwear Industry Has Launched The Pfer Plan From The Four Board To The New Three Boards.
- Nanan Invisible Shield Technology Wins The Footwear Innovation Award Of The Year.
- Euro OUHTEU: Let You Through A "Short" Summer.
- Basketball Association: The Domestic Players Of The CBA League Must Wear Lining Brand Basketball Shoes.
- When The Clothes Match Properly, The Ugly Duckling Also Has Spring.
- The Exhibition Of Chinese Shoes Culture Is Held In Wenzhou Nntang Style Street.
- The New Trend Of China'S Retail Market Is Mainly Reflected In Four Areas.
- Houjie Laoxia Add Shoe City Shoe City Pattern Reorganization
- How Long Can The Cage Mode Go?