Samsonite says to buy US online bag retailer eBags for $105 mln

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

Kong bourse.

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)