Samsonite’s baggage is heavy with geopolitics

Samsonite SA

12/09/2023 03:37

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Thomas Shum
       HONG KONG, Sept 12 (Reuters Breakingviews) - Of all the
global companies listed in Hong Kong mulling full or partial
exits from the city, the $5 bln luggage maker has the least
financial motive to move but is “evaluating” venues nonetheless.
It hints at the growing pressure on multinationals to plan for
extreme scenarios. 
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    CONTEXT NEWS
    Samsonite International has no active plans to pursue a
secondary listing, the Hong Kong-listed luggage maker’s Chief
Executive Officer Kyle Gendreau said in a television interview
on Aug. 17. 
    “There are no plans in place, but like any company or board
we are constantly evaluating that  venues ,” Gendreau told
Bloomberg. He made the comments a day after the media company
published a report citing sources saying Samsonite was exploring
the possibility of a second listing in the US.


 (Editing by Una Galani and Katrina Hamlin)
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