All Samsonite articles
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News briefs
Samsonite looks at options after reported takeover interest
Samsonite, the parent company of Gregory, High Sierra, Xtrem and other luggage and bag brands, is considering options, including going private after receiving a takeover offer from undisclosed bidders, Bloomberg reports, citing sources said to be familiar with the matter. Some private equity firms have reportedly analyzed a deal with ...
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News briefs
Samsonite posts double-digit sales gains across all brands in Q3
Samsonite, attributing its gains to normalized growth in European and North American travel and the early stages of recovery in China, reported double-digit sales growth across all its brands in Q3 ended Sep. 30. The Other segment, which includes Gregory Mountain Products, High Sierra and other brands, generated 10.3 percent ...
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News briefs
Samsonite pack sales increase by 17 percent in H1
Samsonite did not breakout sales of Gregory Mountain Products in its H1 report. Instead, the pack brand was lumped into an Other segment along with High Sierra, Kamiliant, ebags, Xtrem, Lipault and others. Collectively, the nine pack labels and selective third-party brands sold through the group’s Rolling Luggage and Chic ...
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News briefs
Gregory’s sales growth slows in FY22
Gregory Mountain Products sales grew 3.4 percent last year, from $59.4 million to $61.4 million, due to the strong dollar and a difficult comparison to last year’s double-digit recovery following the Covid crisis. However, it would have increased by 13 percent at constant exchange rates. Parent company Samsonite International’s luggage ...
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News briefs
Samsonite continues to see improving sales trends, Gregory back to pre-pandemic levels
First half revenues 59 percent to $1,270.2 million from $799.5 million for the six months ended June 30 as the Gregory Mountain Products parent continued to experience improving sales trends that began in the second half of 2021. Excluding China, where renewed pandemic-related lockdowns impacted performance, consolidated second-quarter sales were ...
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News briefs
Samsonite has divested all commercial activities in Russia
According to a company release, Samsonite International S.A. (and its consolidated subsidiaries) divested its Russia business on July 1. The withdrawal’s financial terms and details have not been disclosed. The company had announced in March that it had suspended all commercial activities in Russia until further notice. Kyle Gendreau, Samsonite’s ...
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News briefs
Gregory sales decline slightly in Q1, impacted by Asia and Europe
Samsonite International reported that Gregory Mountain Products sales declined 4 percent to $15.1 million in Q1 2022 from $15.8 million a year earlier, making it the only Samsonite brand to report a decline in the period. Sales in North America increased 5 percent due to the easing of social distancing ...
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Article
Gregory grew by 16.2% in 2022
Samsonite International reported that Gregory Mountain Products raised its sales by 15.9 percent on a reported basis to $59.4 million in 2021, with a rise of 16.2 percent in constant currencies. North America led the American backpack brand’s growth with a jump of 63 percent. The group’s Travel category, which ...
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Article
New Global GM for Gregory in the U.S., new structure for Europe
Source: Gregory John Sears Gregory Mountain Products, one of the leading backpack manufacturers for more than four decades and headquartered in Salt Lake City, Utah, just revealed the appointment of John Sears to the company’s new global general manager, as of January. Sears has been with the ...
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News briefs
Samsonite opens brand development and sourcing hub in Singapore
Samsonite International S.A., the parent of Gregory Mountain Products and High Sierra, announced the opening of a new brand development and sourcing hub in Singapore. The hub will allow the company to design and develop products for several of its key labels, mainly its mainstream travel luggage brands Samsonite and ...
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Article
Recovering travel market provides upswing for Samsonite
Gregory Mountain Products saw its third-quarter sales increase 4.1% to $16.6 million, compared to $15.9 million a year earlier. The High Sierra bag brand increased 88.1% to $8.4 million from $4.5 million a year ago. Parent company Samsonite said its luggage business is rebounding as more people start traveling again ...
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News briefs
Gregory backpacks see a 33.6% sales hike in H1
Gregory Mountain Products enjoyed a 33.6 percent increase in local currencies in the first half of 2021, reaching a level of $32.7 million, but it did not quite recover to the $34.9 million of the first half of 2019. Like before, Samsonite’s less technical brand of backpacks, High Sierra, under-performed, ...
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News briefs
Gregory’s backpacks outperform Samsonite’s results in Q1
Gregory had by far the best performance in the first quarter within the Samsonite International group, whose luggage business has been deeply affected by the travel and retail restrictions imposed by the Covid-19 outbreak. The brand of technical backpacks and hydration gear booked sales of $15.8 million in ...
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Article
A difficult year for Gregory and High Sierra
Samsonite ’s two outdoor backpack brands, Gregory and High Sierra , recorded a significant sales decline in 2020, like the rest of the group, because of the impact of the Covid-19 pandemic. Gregory posted a drop of 26.6 percent to $51.2 million, off by 27.5 percent on a ...
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Article
Gregory dropped by 13% in Q3, in group that fell by 65%
Gregory ’s sales declined by 13.0 percent to $15.9 million in the third quarter. They again outperformed the results of Samsonite International ’s less functional brand of backpacks, High Sierra , which plunged down by 70.2 percent to $4.5 million. Across all the numerous brands of Samsonite, sales went down ...
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Gregory and High Sierra could not resist the pandemic
Like the rest of the big Samsonite luggage group, its two outdoor backpack brands, Gregory and High Sierra , suffered sales declines in the first half, to June 30 because of the Covid-19 pandemic. Gregory, which has been generally outperforming the rest of the group, posted a ...
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News briefs
Covid-19 halts Gregory's growth
Like the rest of the Samsonite group, Gregory has been affected by the Covid-19 pandemic. After posting strong increases every quarter, the technical backpack brand of the group suffered a 7.6 percent drop in sales on a currency-neutral basis during the first quarter. The less technical High Sierra ...
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Article
Gregory continues to outperform
Gregory Mountain Products continued to outperform other brands in the portfolio of Samsonite International last year including High Sierra , the group’s more lifestyle-oriented brand of backpacks. Gregory raised its total turnover by 20.3 percent to $69.8 million in 2019, rising by 21.0 percent in ...