| Business Summary | | Samsonite
Corporation
is
a
designer,
manufacturer
and
distributor
of
luggage.
The
Company
sells
its
products
using
a
number
of
brand
names,
including
Samsonite
and
American
Tourister,
and
offers
a
broad
range
of
luggage
and
luggage-related
products.
These
include
suitcases,
garment
bags,
business
cases,
computer
cases,
casual
bags
and
sports
bags.
The
Company
also
manufactures
and
sells
luxury
luggage,
casual
bags,
clothing,
shoes
and
accessories
under
the
Samsonite
Black
Label
and
Hedgren
brands.
The
Company
licenses
its
brand
names
for
use
on
products
that
include
travel
accessories,
leather
goods,
handbags,
clothing
and
furniture.
Customers
include
specialty
stores
featuring
luggage
products,
department
stores
that
carry
luggage,
retail
chain
stores,
catalog
showrooms,
mass
merchants,
premium
sales
(sales
direct
to
business),
Internet
retailers
and
discounters.
The
Company
also
sells
certain
products
directly
to
consumers
through
its
retail
stores
in
the
United
States
and
Europe. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SAMC
manufactures
and
distributes
luggage,
including
softside
and
hardside
suitcases,
garment
bags,
business
cases,
and
other
travel
bags
under
the
Samsonite,
American
Tourister
and
Lark
brand
names.
For
the
three
months
ended
4/30/01,
sales
fell
less
than
1%
to
$192.1
million.
Net
loss
applicable
to
Common
before
extraordinary
items
rose
48%
to
$14.9
million.
Revenues
reflect
lower
sales
in
the
Americas.
Higher
loss
reflects
the
consolidation
of
some
manufacturing
facilities. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Luc Van Nevel, 54 Pres,
CEO | $910K | Richard Wiley, 44 CFO,
Treasurer, Sec. | 405K | Giuseppe Fremder, 48 Pres
of Samsonite SpA and Pres of Samsonite Black Label | 268K | Marc Matton, 52 Pres
and Managing Director of Samsonite Europe | -- | Thomas Sandler, 54 Pres
of the Americas Division | 485K | Dollar amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|