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Samsonite has agreed buy US online bag retailer eBags for $105m as the luggage company seeks to expand its e-commerce presence.
The Acquisition will give the Company a strong platform to help accelerate the growth of the Company’s direct-to-consumer e-commerce business in North America and worldwide. It will also provide the Company with immediate resources and digital know-how to strengthen the Company’s existing digital capabilities.
Samsonite said the deal will be financed by internal resources and a revolving credit facility, and is expected to be completed by the second quarter.