Articles tagged “luggage”

Debt-Laden Samsonite Reels From Coronavirus Crisis Aftershocks

By itself, the coronavirus scare needn't be like kryptonite to Samsonite, which has high gross margins. But the long-term double whammy of supply shocks (due to factory closings) and demand shocks (due to travelers pulling back on spending) may reduce the company's ability to pay interest on its heavy debts.