Samsonite Lugged by Private Equity Firm!
July 6th, 2007

“The Samsonite: Luggage Comes First.”
Luggage Rack - On this slow news days, the Private Equity firm, CVC Capital Partners, recently purchased Samsonite for 1.25 billion euros (including debt). As to why they would want all that baggage? CVS had this to say:
It sees interesting opportunities for growth in places like India and China, where more and more people can now afford to travel.
Of course this might be a terrible investment because people in places like India and China would be more likely to travel with potatos sacks than expensive designer luggage.
I think you have my: case.
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