Business
Samsonite to buy luggage rival Tumi
The world's biggest luggage maker, Samsonite, has confirmed that it has agreed to buy luxury rival Tumi for 26.75 dollars per share in an all-cash transaction, as it looks to gain access to the premium end of the luggage market. Tumi, which makes products ranging from rolling luggage to tablet cases and briefcases, has been valued at 1.8 billion...
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