Samsonite acquires Ebags

|About: Samsonite International S... (SMSEY)|By:, SA News Editor

Samsonite (OTCPK:SMSOF, OTCPK:SMSEY) acquires online retailer Ebags for $105M.

Colorado-based Ebags recorded sales of $159M last year.

"The acquisition provides us with a strong platform to significantly expand our direct-to-consumer online presence, not just in North America but around the world," says Samsonite CEO Ramesh Tainwala.

Samsonite press release