Gregory, High Sierra Parent Samsonite Sees Revenues Slide; Plans BÉIS Acquisition

August 13, 2026

Samsonite Group reported a 1.7% decline in Q2 2026 revenues on a constant currency basis, weighed down by softer travel demand and weaker consumer confidence in North America, the Middle East, and India. Despite the top-line slide, the company expanded gross margins, grew digital sales, and saw lifestyle bags outperform, while free cash flow improved significantly year over year.

Alongside the results, Samsonite announced a definitive agreement to acquire BÉIS, a fast-growing, digitally native lifestyle and travel brand aimed at younger, predominantly female consumers, with the deal expected to close in Q4 2026 pending approvals. Management expects Q3 constant-currency sales to be broadly stable versus Q2, with continued investment in marketing (around 6.5% of net sales for 2026) and margin improvement as seasonal strength returns and cost pressures are mitigated. SGB Online