All Samsonite articles
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ArticleSales decline in Samsonite’s outdoor segment
The US-listed travel goods giant reports weaker results in its outdoor and lifestyle segment, which includes Gregory and High Sierra.
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News briefsSamsonite launches circular luggage with digital passports
The travel gear company unveils two circular luggage lines featuring Digital Product Passports to boost traceability and material transparency.
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ArticleSamsonite rebrands as Samsonite Group S.A. to reflect brand diversity
Samsonite announces a corporate name change to Samsonite Group S.A., highlighting its diverse portfolio of iconic travel and outdoor brands.
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News briefsSamsonite operating profit inches up in H1
The Gregory parent’s H1 profit rose by 1%, with net income up 4.5%. Sales grew 2.8%, driven by strong travel demand despite regional challenges.
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ArticleSamsonite aims for dual listing
Samsonite International S.A., the parent company of Gregory, High Sierra and a number of travel luggage brands, announced that the company’s Board of Directors has authorized management to seek a listing of the company’s shares on a second leading stock exchange in addition to the Hong Kong Stock Exchange. The ...
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ArticleRecovery in leisure, business travels boosts Samsonite
Annual profitability at Gregory parent Samsonite rose by 33 percent to $450.3 million from $338.3 million for the 12 months ended Dec. 31. The group’s FY operating profit increased by 51 percent to $743.7 million from $492.1 million as the annual gross margin expanded by 350 basis points to 59.3 ...
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News briefsSamsonite 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 briefsSamsonite 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 briefsSamsonite 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 briefsGregory’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 briefsSamsonite 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 briefsSamsonite 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 briefsGregory 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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ArticleGregory 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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ArticleNew 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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ArticleRecovering 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 briefsGregory 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 briefsGregory’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 the period ...
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ArticleA 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 currency-neutral basis. The more ...
