Samsonite cites discounting by rivals as India gross sales fall, CFO Information, ETCFO
Mumbai: Samsonite, the world’s greatest baggage maker, blamed India’s aggressive depth and discounting technique by rivals VIP and Safari for a weak efficiency in Asia. Its mass-priced model American Tourister fell 31% within the December quarter, indicating the gross sales impression on the entry degree model that competes instantly with the 2 giant listed corporations….