Level of discounting in India is not sustainable, says Samsonite CEO – ET Retail
Mumbai: Samsonite global chief executive Kyle Gendreau said discounting levels in India are unsustainable and impacting profitability even as the US-based company toppled VIP Industries to become India’s biggest luggage maker by revenue last fiscal. “It is not sustainable what’s happening in the marketplaces, this level of discounting deteriorating profitability. We have taken a road…