Samsonite Board Approves Plan to Pursue Second Listing in the US

The board of Samsonite International SA has authorized the luggage maker to pursue a dual listing in the US to improve liquidity and make its shares more accessible to investors globally.

Samsonite, which is listed in Hong Kong, said in a Wednesday statement that the US is the appropriate venue based on the company’s “global footprint, growth drivers and strategic priorities.”

Bloomberg News reported earlier this year that Samsonite was considering a dual listing in the US, or potentially Europe, while also exploring the possibility of a take-private deal. Funds including Carlyle Group Inc. and KKR & Co. showed ...