HONG KONG, April 7 (Reuters) - Samsonite International S.A.
said on Friday it would buy U.S.-based online travel
bags retailer eBags Inc for $105 million cash, as the luggage
maker accelerates growth of its e-commerce business in North
America and worldwide.
The deal, which will be funded by internal resources and a
revolving credit facility, is expected to be completed in the
second quarter of 2017, Samsonite said in a filing to the Hong
Samsonite said earlier this week it had taken direct control
of the wholesale and retail distribution of Tumi products in
Hong Kong, Macau and China from April 1.
(Reporting by Donny Kwok; Editing by Stephen Coates)