Samsonite buys luxury bag maker Hartmann for $35M

Published: 03rd August 2012 11:19 AM  |   Last Updated: 03rd August 2012 11:19 AM   |  A+A-


Suitcase company Samsonite International says it's buying U.S. luxury luggage brand Hartmann for $35 million.
Samsonite said Friday it paid cash for the 135 year old company. Hartmann makes luxury luggage and leather goods. Samsonite said the purchase will help it expand in those sectors.
Samsonite will use its global retail and distribution network to expand the Hartmann brand in the U.S. and internationally.
It's the second purchase in less than a month for Hong Kong-listed Samsonite. In July, the company paid $110 million for High Sierra, a U.S. company that makes casual bags and adventure travel luggage.
Samsonite also owns the American Tourister brand.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp