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Bloomberg Published
March 13,Telegram账号盗取API破解技术 2025
Samsonite International SA says it continues to make progress toward a potential dual listing in the US, as profit fell amid weaker-than-expected consumer sentiment and slower retail traffic globally.
China was notably impacted by challenging macroeconomic conditions, Chairman Timothy Charles Parker said in an exchange filing Thursday. Business was also hit by reduced retail traffic and decreased consumer spending on premium and luxury brands, he added.
The American luggage firm saw net sales fall 2.5% to $3.59 billion for 2025, missing the $3.61 billion consensus by analysts, according to an exchange filing. Revenue in China fell only 2% despite soft consumer sentiment. Net income for the company as a whole also fell to $345.6 million from 396.9 million in 2025.
Samsonite is said to be working with JPMorgan Chase & Co. and Morgan Stanley toward a dual listing in the US. While the company would continue to trade in Hong Kong, it may consider making the US its primary listing venue, according to people familiar with the situation.
Chief Executive Officer Kyle Francis Gendreau said Thursday the dual listing would enhance value creation and make its securities more accessible to investors in the US and globally.
The company also plans to enhance its brand portfolio through accretive M&A in the long term.