Samsonite climbs most in over 2 weeks on buying Beis stake to expand portfolio
13/08/2026 03:34
BUZZ-Samsonite climbs most in over 2 weeks on buying Beis stake to expand portfolio ** Shares of Samsonite Group S.A. 1910.HK climb 2.2% to HK$13.87, on course for the biggest one-day pct gain since July 27 and snapping two straight declining sessions
** Luggage maker says it has agreed to buy 85% of Beis for $178.50 million in cash, in a deal which expands its travel and lifestyle portfolio while strengthening its digital capabilities, enhancing its growth profile in North America
** Closing of the acquisition expected to take place in the fourth quarter of 2026 - co
** Beis owns BÉIS, LLC, which is a lifestyle and travel brand founded in 2018 by actress and entrepreneur Ms. Shay Mitchell, and incubated by Beach House Group
** YTD, stock down 30.5%, benchmark Hang Seng Index .HSI down 0.9%
(Reporting by Donny Kwok)
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Samsonite climbs most in over 2 weeks on buying Beis stake to expand portfolio