Hearing that mgmt. is preparing to run the Samsonite/Tumi retail stores thru bankruptcy. Anyone else have insight?
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My take on the ORCA report is mixed. It is hard to argue with separating from KPMG--the optics aren't right. Some of the assertions on assets acquired from takeover firms need explanation. On the other hand, showing advertisements from newspaper adds regarding discounts doesn't ring true. We know luggage outside of Tumi is deeply discounted; that said, profit margins may not be impacted. I also believe the recent acquisition of E-bags suggests management is aware of the importance of online.
I guess we have to see where this ends; a stronger rebuttal from the company would help.
I guess we have to see where this ends; a stronger rebuttal from the company would help.