International Turnaround 2011 Samsonite

photo shows, l-r: broadcaster Jeremy Vine with Luke Jeffreys, Tim Parker and Steve Bunyard receiving the accolade from Rutland Partners Managing Partner Nick Morrill

Samsonite is the leading global brand in the luggage and travel related products market, operating in over 100 countries around the world. The group suffered a dramatic collapse in earnings in 2008, driven by a combination of internal and market factors.

Its equity sponsors and lenders held their nerve in the face of numerous challenges and implemented a far reaching and ambitious turnaround and restructuring plan, touching every part of the business.

 The business has now returned to profitability, as evidenced by the recent flotation on the Hong Kong stock exchange.