We are delighted to have advised Rolling Luggage Limited on their sale of trade and assets to Samsonite Inc.
Rolling Luggage is a specialist airport retailer with presence in 37 locations globally, including locations at Heathrow, Frankfurt, Sydney and Hong Kong.
The successful turnaround by Rcapital, which included securing a long-term extension to its stores at London’s Heathrow Airport, ensured Rolling Luggage was an attractive proposition to global players such as Samsonite.
The confidential sale process, which attracted a number of interested parties, allowed our advisory team to ensure the best possible result was achieved for the shareholders of the business.
The transaction involved a number of complex structuring and tax issues which our transactional tax team provided significant input into, ensuring the transaction proceeded on acceptable terms to all parties.
In addition, there were a number of complexities to this cross-border deal, allowing us to demonstrate a truly global one firm approach.
The deal with Samsonite will allow Rolling Luggage to continue to build on its recent success and further accelerate its growth.
