Samsonite (01910) plans to invest $178.5 million to acquire an 85% stake in Beis, strengthening its position in the North American lifestyle and travel market.

According to the Xinhua Finance APP, Samsonite (01910) announced that on August 12, 2026, its wholly-owned subsidiary Samsonite LLC (the buyer) entered into a membership interest purchase agreement with Beis and the seller regarding the acquisition. Under this agreement, the buyer has agreed to purchase from the seller a membership interest (representing 85% of Beis's outstanding membership interests) for a cash consideration of $178.5 million, subject to certain adjustments. The acquisition is expected to be completed in the fourth quarter of 2026, contingent upon the satisfaction or exemption of the conditions of the acquisition.