Samsonite eyeing expansion across India

Samsonite, a luggage manufacturer, plans to add 100 stores across the nation by December 2012. These will be a mix of both franchised and company owned stores.

The company is also looking at doubling its turnover in India every two years. At present, Samsonite is operating through 200 stores across India and is generating estimated revenue of Rs 360 crore on annual basis. The company is contributing around six per cent to its global sales of USD 1.3 billion.

Samsonite operates in the luxury category through its 'Black Label' brand. The company is setting up concept stores to sell products range apart from the big luggage bags such as business bags, handbags, belts, shoes, footwear, and other accessories.