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Samsonite International: On Track For Recovery

Samsonite International: On Track For Recovery

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Samsonite International’s revenue continues to recover from the negative effects of the pandemic, with its top line contraction narrowing in 1Q 2021 as compared to prior quarters. The company’s cost-optimization initiatives have paid off, and its operating loss was smaller in 1Q 2021 with expectations of achieving a positive high-single digit EBITDA margin for FY 2021.

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