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Samsonite acquires Tumi in $1.8bn deal

Samsonite acquires Tumi in $1.8bn deal

Samsonite International and Tumi Holdings has announced that they have entered into a definitive agreement whereby Samsonite will acquire Tumi for US$26.75 per share in an all cash transaction, valuing Tumi at an equity value of US$1.8 billion. “This is a transformational acquisition for Samsonite. “It will meaningfully expand our presence in the highly attractive premium segment of the global business bags, travel luggage and accessories market,” said Ramesh Tainwala, chief executive, Samsonite.

Brits warned over failure to check credit and debit card fees

Brits warned over failure to check credit and debit card fees

With UK residents making 60.1 million visits abroad last year, research revealed today by the newly-formed DCC Forum finds that 40 per cent of UK consumers never or rarely check the exchange rates and fees they will be charged for using their credit or debit card abroad. This is despite the fact that nearly three quarters check for the best exchange rates from currency providers when purchasing foreign money.

Vietnam, Mexico and Cuba top latest Kuoni trends report

Vietnam, Mexico and Cuba top latest Kuoni trends report

Vietnam, Mexico and Cuba have been highlighted as three of the fastest-growing long-haul holiday destinations for British travellers, according to a new report out today from worldwide travel company Kuoni. The Travel Edit 2014 by Kuoni looks at the changing habits of British travellers based on sales data over the last three years across a number of holiday categories including wallet-friendly destinations, overall bestsellers, honeymoons and sightseeing experiences.

Moscow hotel market to double in 5 years

Moscow hotel market to double in 5 years

17 January 2014 Press Release Hotel News

Following a poor first quarter, all segments have caught up over the year to end mostly flat compared to 2012, with only the luxury segment showing any real growth at 4% (all in rate, not occupancy). In fact there has been no occupancy (demand) growth at all across all segments this year compared to last.