Samsonite’s Acquisition of eBags Won’t Lead to Significant Profit Contribution
Narrow-moat Samsonite International has agreed to acquire the loss-making eBags for a cash consideration of USD 105 million, with the transaction expected to be completed in the second quarter of 2017. EBags generated net sales of USD 159 million in 2016, versus approximately USD 140 million of direct-to-consumer e-commerce sales for Samsonite, and USD 2,810 million of total sales for Samsonite. EBags will help Samsonite achieve its goal of increasing the direct-to-consumer channel from 25%-30% ...Samsonite International is active on the travel luggage market. Co. is engaged in the design, manufacture, sourcing and distribution of luggage, business and computer bags, outdoor and casual bags, and travel accessories throughout the world, primarily under the Samsonite® and American Tourister® brand names and other owned and licensed brand names. Co. sells its products through wholesale distribution channels and through Co.'s operated retail stores. Co.'s principal luggage wholesale distribution customers are department and specialty retail stores, mass merchants, catalog showrooms and warehouse clubs. Co. sells its products primarily in Asia, Europe, North America and Latin America.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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