Gregory Grows, but High Sierra Slips in 2019
Sales at Samsonite’s Gregory Mountain Products division increased 20% to $69.8 million for the year against $58.0 million, driven by 24% growth in Asia, 10% growth in North America and a 37% jump in Europe. High Sierra sales declined 14% to $63.2 million from $73.7 million due to a repositioning of the brand and headwinds from China tariffs. Overall Samsonite net income declined 44% to $132.5 million from $236.7 ... Log in to view full article.