Samsonite

Samsonite International S.A. (SEHK: 1910) is a global leader in the travel luggage and lifestyle bag industry. Founded in 1910 in Denver, Colorado, Samsonite has grown to become the world's largest travel luggage company.

Samsonite designs, manufactures, sources and distributes luggage, business and computer bags, outdoor and casual bags, and travel accessories worldwide. Its brand portfolio includes Samsonite, Tumi, American Tourister, Gregory, High Sierra, Lipault, and Hartmann. For the full year 2023, Samsonite reported net sales of USD 3.68 billion and an adjusted EBITDA of USD 709.3 million.

Samsonite offers a wide range of products including hardside and softside suitcases, carry-on luggage, duffel bags, backpacks, and travel accessories. The company's products are known for their durability, innovative design, and quality construction. Samsonite utilizes materials like polycarbonate, nylon, and recycled fabrics in its luggage. Many of its suitcases feature multi-directional spinner wheels, TSA-approved locks, and expandable designs for added packing capacity.

Samsonite continues to focus on product innovation, sustainability initiatives, and expanding its global retail presence. In 2023, approximately 34% of Samsonite's net sales came from products made at least partially from recycled materials, up from 23% in 2022. The company is targeting marketing spend of around 7% of net sales in 2024 to support continued growth. Samsonite operates through wholesale and direct-to-consumer channels, including company-operated retail stores and ecommerce sites. As of December 2023, Samsonite had 1,052 company-operated retail stores globally.