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Here's Why Shares of Samsonite are Higher Tuesday

Shares of Samsonite International were higher Tuesday as the company expects an improvement in the second half of the year.

Shares of Samsonite International (SMSOF) were higher Tuesday as the company expects an improvement in the second half of the year. The company announced a one percent increase in sales in the six months of the year to almost $1.21 billion. But profit fell to $100.3 million amid headwinds, including currency volatility in many of its markets. The group also closed its $1.8 billion purchase of Tumi on August 1. Samsonite's CEO told Bloomberg that he wants to double Tumi's sales to $1 billion within three years.

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