With a heritage dating back more than 110 years, Samsonite International S.A. (the "Company"), together with its consolidated subsidiaries (the "Group"), is a leader in the global lifestyle bag industry and is the world's best-known and largest travel luggage company.
The Company was founded by Jesse Shwayder in 1910 in Denver, Colorado, and began business as a trunk manufacturing company. Over the last century, we have developed and widely commercialized numerous innovations in luggage, establishing key industry trends and adapting to evolving consumer needs.
We are principally engaged in the design, manufacture, sourcing and distribution of luggage, business and computer bags, outdoor and casual bags, travel accessories and slim protective cases for personal electronic devices throughout the world, primarily under the Samsonite®, Tumi®, American Tourister®, Speck®, Gregory®, High Sierra®, Kamiliant®, eBags®, Lipault® and Hartmann® brand names as well as other owned and licensed brand names.
Our products are sold in over 100 countries in North America, Asia, Europe and Latin America through a variety of wholesale distribution channels, our company-operated retail stores as well as through e-commerce.
Our core brand, Samsonite, is one of the most well-known travel luggage brands in the world and has been central to the growth and success of our business since it was first introduced in 1941.
In 1993, we acquired American Tourister, Inc., based in Providence, Rhode Island. This enabled us to market products under two of the most well-known and respected brands in the luggage market.
In 2012, we acquired the High Sierra and Hartmann brands, both based in the U.S. Founded in 1978, High Sierra's products are targeted at active lifestyle consumers and the acquisition enabled us to expand into the casual outdoor and sport segments of the global luggage market. The Hartmann brand, founded in 1877, is recognized as a mark of quality among American luxury consumers and the acquisition enabled Samsonite to expand its presence in the high-end luggage and leather goods market in the U.S. and internationally.
In 2014, we further expanded our brand portfolio with the acquisition of the Lipault, Speck and Gregory brands. Founded in 2004, Lipault is a chic and youthful French luggage brand known for its functional and fashionable products. It allows us to engage with female consumers through Lipault's signature Parisian style and vibrant colors. Speck, founded in Silicon Valley, California in 2001, designs and distributes slim protective cases for personal electronic devices. This acquisition enabled Samsonite to enter the fast growing market for smart phone and tablet protective cases. Founded in 1977, Gregory is a leading provider of premium technical backpacking, mountaineering, and trail running products and accessories. A pioneer in its field, Gregory is well-known for setting performance standards in terms of the innovative design, ergonomics, high quality and durability of its products.
On August 1, 2016, Samsonite completed the acquisition of Tumi Holdings, Inc. Founded in 1975, Tumi is a leading global premium lifestyle brand offering a comprehensive line of business bags, travel luggage and accessories. The brand is consistently recognized as "best-in-class" for the high quality, durability, functionality and innovative design of its products, which range from its iconic black ballistic business cases and travel luggage synonymous with the modern business professional, to travel accessories, women's bags and outdoor apparel.
On May 5, 2017, the Company completed the acquisition of eBags, Inc. Founded in 1998, eBags is headquartered in Greenwood Village, Colorado. It is a leading online retailer of bags and related accessories for travel offering diverse products including luggage, backpacks, handbags, business bags, travel accessories and apparel selling from a wide variety of leading travel and fashion brands as well as its own exclusive private label brand. The acquisition provided us with a strong platform to help accelerate the growth of our DTC e-commerce business in North America and worldwide. It also provided us with immediate resources and digital know-how to strengthen our existing digital capabilities.
Leveraging on our strong international brand portfolio, our significant global reach and scale, along with our dedicated teams, our strong ability of product innovation and global distribution, as well as our diversified sourcing base and supply chain, we will continue to secure our market-leading position with these competitive advantages, high quality products and our commitment to lead the industry in sustainability.