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China buoys Samsonite sales

Samsonite’s annual performance report for the year ending December 31, 2023, revealed significant growth, with sales increasing 27.9% YoY to $3.68 billion. Operating profit surged by 51.1% to around $744 million, and gross profit rose by 36% to $2.182 billion, with a gross margin of 59.3%. China’s market saw a remarkable 88.4% surge, driving a 61.7 percent increase in the Asian market, while North America, Europe, and Latin America also experienced growth.

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