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Samsonite plans to buy local brands in India

Samsonite is scouting for acquisition of local brands to strengthen its position in the Indian market. The company is also targeting up to 30 per cent sales growth at Rs. 800 crore (USD130.6 million) in this calendar year.

“We are open to acquiring local brands. We are looking for opportunities. Earlier, we only looked for brands which can be launched globally but now we are also looking at local brands (to acquire),” Samsonite South Asia Pvt Ltd Chief Executive Officer Suresh Menon told PTI.