With manufacturing moving from higher-cost factories in China to Myanmar, the coup there could hurt Adidas, Samsonite, H&M, and others.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Samsonite International S.A. New York, January 27, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Samsonite International S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 20 January 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology (ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Samsonite International S.A. ("Samsonite" or "the Company", together with its consolidated subsidiaries, "the Group"; SEHK stock code: 1910), the world's largest travel luggage company, today published its unaudited consolidated financial results for the three and nine month periods ended September 30, 2020.