Luggage makers Samsonite, Safari and VIP Industries saw a significant decline in their growth rate as last year’s high base weighed on the March quarter earnings amid a weak wedding and travel season this year. Samsonite’s India business fell 10% year-on-year during the quarter compared to 108% growth a year ago, while Safari saw its…
Anil Verma, chief strategy officer, Nasher Miles New Delhi: Nasher Miles, a direct-to-consumer luggage brand has appointed industry veteran Anil Verma as chief strategy officer, effective immediately, the company announced in a media release on Wednesday. Prior to joining the firm, Verma held leadership positions in various multinational companies like Purplle.com, Samsonite, and Delsey Paris….
India’s travel renaissance is driving a luggage revolution, with sales doubling, attracting global brands and sparking investor interest in a category previously perceived as ‘low-involvement’, industry executives said. “We are seeing 100% year-on-year growth in the premium range with global brands like Tommy Hilfiger and Delsey Paris. The affordable range is seeing 40%+ year-on-year growth…
