FILE PHOTO: A Samsonite suitcase is displayed at a store in Hong Kong, China March 14, 2017. REUTERS/Bobby Yip/File Photo
June 1, 2018
HONG KONG (Reuters) – Shares of Samsonite International <1910.HK> were set to rise 7.8 percent in resumed trade on Friday after it said it had replaced its chief executive following a short-seller attack that caused the firm’s shares to plunge.
The world’s biggest luggage maker said on Friday it had replaced under-fire Chief Executive Ramesh Tainwala with Chief Financial Officer Kyle Gendreau, who would take the helm with “immediate effect”.
Samsonite’s shares were set to open up nearly 8 percent at HK$29.00.
(Reporting by Anne Marie Roantree; Editing by Edwina Gibbs)
