Samsonite Group S.A. — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (3/5)

Source documents
Recent disclosure
Multi-year metrics
Targets
Certifications

External news

No ESG-relevant news ingested yet for this company. Run python -m pipeline.news_gdelt to backfill. Sourced from GDELT 2.0 (3-month trailing window).

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

sustainability report ↗annual report ↗

Energy (kWh)

Renewable electricity %

100%

Social

workforce female pct	52%
workforce management female pct	37%

Circularity

circular revenue pct

40%

P&L highlights (USD)

Headcount (FTE)	11,500people
Revenue	3.5B

Events 2025· 12

Primary: Sustainable packaging guidance

Introduced comprehensive Sustainable Packaging Guidance in 2025 that maps the five most common packaging materials with potential sustainability solutions, supporting designers and procurement teams in selecting lower-impact packaging.

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Renamed from Samsonite International S.A. to Samsonite Group S.A.

In January 2025, following a shareholder vote, the Company changed its name from Samsonite International S.A. to Samsonite Group S.A. to better reflect its multi-brand portfolio (Samsonite, TUMI, American Tourister, Gregory, Lipault).

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First LEED Gold store in South-East Asia (Singapore)

Samsonite flagship store in ION Orchard, Singapore earned LEED Gold under LEED v4.1 ID+C: Retail.

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Digital Product Passport rollout

Introduced first Digital Product Passports for Samsonite Proxis and Essens Circular limited edition suitcases, detailing material origins, recycled content, repair tips and end-of-life options via QR code.

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Company renamed from Samsonite International S.A. to Samsonite Group S.A.

At an extraordinary general shareholders meeting on January 23, 2025, the corporate name was changed to Samsonite Group S.A. to reflect the company's evolution into a multi-brand business (Samsonite, TUMI, American Tourister, Gregory, Lipault, Hartmann, etc.) since its 2011 IPO.

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Scope 3 PG&S intensity target -52% by 2030 (2022 base)

Reduce Scope 3 emissions from purchased goods and services by 52% by 2030 on an intensity basis per unit gross profit relative to a 2022 baseline, in line with SBTi near-term requirements.

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On-site solar installation at TUMI Vidalia distribution center

Completed installation of 960 kW AC / 1267 kW DC solar PV array at TUMI distribution center in Vidalia, Georgia, covering most of facility's electricity use.

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100% renewable electricity via solar, green power and RECs

Samsonite maintained 100% renewable electricity across all owned and operated retail stores, manufacturing and distribution facilities, and offices in 2025 — achieved two years ahead of target. This is delivered through a combination of on-site solar generation (including a new 960 kW AC / 1267 kW DC solar PV array at the TUMI Vidalia, Georgia distribution center), participation in green power programs, and purchasing of renewable energy certificates (RECs). Around 80% of own-operations energy use comes from electricity, making this lever central. Going forward, the company will continue expanding on-site solar where feasible.

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Primary: Recycled materials in products (plastics, aluminum)

Recycled materials are described as 'an essential lever for the decarbonization of our business'. Approximately 40% of 2025 net sales came from products containing some recycled materials. The company is incorporating recycled plastics and aluminum to replace virgin feedstock — reducing embodied carbon and Scope 3 emissions from purchased goods. Examples include Essens Circular (≥80% recycled materials by weight, ~35% recycled polypropylene from pre-owned suitcases) and Proxis Circular (65% bio-circular and recycled by weight via ISCC PLUS mass balance).

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Primary: Durability, repairability and product longevity

Durability is non-negotiable in Samsonite's Product Sustainability Framework. The Paralux collection introduced repairable wheels and pull-handles that customers can replace at home using video tutorials. Repair services are offered across approximately 80 countries through company-operated centers, third-party partners, and in-store offerings. A global Repair Vision for 2030 was developed in 2025.

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see 2 more events →

2024

annual report ↗sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	2,659
Scope 2 (market-based)	—
Scope 3	694,934
Cat 1 · Purchased goods	604,593
Cat 2 · Capital goods	27,797
Cat 4 · Upstream transport	20,848
Cat 7 · Employee commuting	13,899
Cat 9 · Downstream transport	6,949
Gross carbon footprint	—
Net carbon footprint	—

Energy (kWh)

Renewable electricity %

100%

Social

workforce female pct	50%
workforce management female pct	36%

Circularity

circular revenue pct

40%

P&L highlights (USD)

Headcount (FTE)	2people
Revenue	3.6B
Cost of revenue	(1.4B)
Gross profit	2.2B
Total operating expenses	(17.7M)

Balance sheet highlights (USD)

Property, plant & equipment	262.1M
Right-of-use (leased) assets	499.2M
Total assets	2.2B
Total debt	1.8B
Cash & equivalents	45.5M

Events 2024· 26

Dependent: Reduce value-chain GHG emissions (Planet pillar)

Under the Planet pillar, the Company aims to reduce greenhouse gas emissions from its operations and its value chain, and minimize its impact on the environment. Sustainability is governed by a Vice President of Sustainability reporting to the CEO, supported by a Global Sustainability Council representing regions, brands and key functions.

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Baseline year changed from 2017 to 2023 for Scope 1+2 target

Previous goal was 15% reduction in Scope 1+2 by 2025 vs 2017 baseline (surpassed: 91% achieved). New SBTi-validated target uses 2023 as base year, aiming for 42% reduction by 2030.

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Improvements in analytical methods driving Scope 3 normalization

Improvements in analytical methods are driving most of the normalized emission reductions within the goods and services and transportation categories. Reported totals include emissions from indirect spend in Goods and Services category.

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Voluntary accounting policy change for put options on NCI

Effective Q3 2024, the Company voluntarily changed its accounting policy for subsequent changes in fair value of put option financial liabilities tied to non-controlling interests. All such changes now flow through finance costs (P&L) rather than equity. Applied retrospectively; 2023 comparatives restated.

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Preparation for potential US dual listing

The Company incurred US$9.1 million in costs during 2024 associated with preparation for a potential dual listing of its securities in the United States.

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Primary: Sustainable product design and circularity

Under the Product pillar of 'Our Responsible Journey', Samsonite seeks to apply circular economy principles and continuously innovate to create ever more sustainable products. The Company invests significant R&D resources (US$20.2 million in 2024) in lighter and stronger new materials, more durable and more repairable collections.

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Near-term science-based climate target set (SBTi validated)

Set near-term science-based climate target validated by SBTi: reduce Scope 1 and 2 emissions by 42% by 2030 from a 2023 base year, and reduce Scope 3 emissions from purchased goods and services by 52% by 2030 on an intensity basis per unit gross profit relative to a 2022 baseline.

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Primary: Retail store fleet energy and lease footprint

Samsonite operates 1,119 company-operated retail stores globally (added 67 net new in 2024). Lease right-of-use assets totaled US$499.2 million at year-end 2024. The Company streamlines its retail fleet to focus on profitable growth, with implications for operational energy use.

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2024 Term Loan B Facility refinancing, margin reduced 75 bps

On April 12, 2024, the Company refinanced its 2023 Term Loan B Facility with a new US$500M 2024 Term Loan B Facility, reducing the applicable margin by 75 basis points (from SOFR+2.75% to SOFR+2.00%). The 2023 revolving credit facility was partially drawn (US$100M) to fund the repayment.

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Share buyback: 62,610,300 shares repurchased for US$157.6M

During 2024, the Company repurchased 62,610,300 shares (4.3% of issued capital) for a total cash outflow of US$157.6M, held in treasury as of December 31, 2024.

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see 16 more events →

2023

sustainability report ↗

Energy (kWh)

Renewable electricity %

100%

Social

workforce management female pct	37%
workforce female pct	49%

Governance

board independence pct	75%
esg linked executive pay yn	1

Circularity

circular revenue pct

34%

P&L highlights (USD)

Headcount (FTE)	12,100people
Revenue	3.7B
Cost of revenue	(1.5B)
Gross profit	2.2B
Total operating expenses	(8.7M)

Balance sheet highlights (USD)

Property, plant & equipment	222.7M
Right-of-use (leased) assets	435.8M
Total assets	5.1B
Total debt	1.8B
Cash & equivalents	716.6M
Minority interest	66.7M

Events 2023· 20

Dependent: Supplier engagement to reduce Scope 3 raw materials emissions

With 99% of total emissions in Scope 3 — and 79% from raw materials and product manufacturing — Samsonite works with key suppliers to increase recycled content and replace virgin materials with recycled alternatives. In 2023, the CEO laid out expectations for key suppliers to partner on reducing Scope 3 emissions.

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Global Product Sustainability Framework established

Developed a new global Product Sustainability Framework defining vision across sustainable materials, circularity and product footprint, with targets and roadmap to be activated in 2024.

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Appointed VP Global Head of Sustainability

Samsonite welcomed Marina Dirks as new VP, Global Head of Sustainability, and added two members to her team, demonstrating strengthened institutional commitment to sustainability in 2023.

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Achieved 100% renewable electricity in own operations

Samsonite achieved 100% renewable electricity usage across all own operations in 2023, two years ahead of its 2025 target date. This is a material sustainability milestone under the 'Planet' pillar of 'Our Responsible Journey'.

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Refinancing of senior credit facilities

On June 21, 2023, the Company entered into a new Second Amended and Restated Credit Agreement providing for a new US$800M Term Loan A, US$600M Term Loan B, and US$850M revolving credit facility. The refinancing reduced outstanding debt by approximately US$65M and extended maturities by 3-5 years.

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Renewable electricity 2025 target set (achieved early)

Samsonite had previously set a target to achieve 100% renewable electricity in own operations by 2025. This was achieved in 2023, two years ahead of the target date.

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Women in director-level roles increased to 37%

In 2023, 37% of employees at the director level and above were women, up from 36% in 2022, as part of the 'People' pillar of 'Our Responsible Journey'.

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100% renewable electricity in own operations achieved two years early

Samsonite achieved 100% renewable electricity usage across all its own operations in 2023, two years ahead of its original 2025 target date. This milestone is part of the 'Planet' pillar of the Group's 'Our Responsible Journey' sustainability program. The Group aims to leverage its scale as the luggage industry's sustainability leader to drive further transformation. Full details on the renewable energy sourcing methodology are expected in the separately published 2023 ESG Report.

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Primary: Sustainability embedded in product design — recycled materials in ~34% of net sales

Under the 'Product' pillar, Samsonite increased the share of net sales from products made at least in part from recycled material to approximately 34% in 2023, up from about 23% in 2022. The Group invests in R&D to develop lighter, stronger new materials, advanced manufacturing processes, and more sustainable collections. This lever targets the firm's manufactured and sourced products, which are the primary embodied-carbon impact for a consumer goods company.

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Primary: Own-operations energy and emissions reduction via 100% renewable electricity

Samsonite achieved 100% renewable electricity in all its own-operated facilities in 2023, ahead of the 2025 target. This covers the Group's retail stores, offices, and production/distribution facilities globally. The Group continues to advance 'Our Responsible Journey' sustainability program under the Planet pillar to reduce operational environmental impact.

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see 10 more events →

2022

sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	2,339
Scope 2 (market-based)	16,897
Scope 3	570,651
Cat 1 · Purchased goods	429,668
Cat 4 · Upstream transport	32,633
Cat 9 · Downstream transport	32,633
Gross carbon footprint	589,887
Offsets retired	(1,752)
Net carbon footprint	588,135

Energy (kWh)

Electricity	50M
Fuel (stationary + mobile)	10.3M
Total energy	62.8M
Renewable energy	(12.7M)
Non-renewable / hydrocarbon	50.1M
Renewable electricity %	25%

Nature

waste generated t	1,051tonnes
waste hazardous t	16tonnes
water withdrawal m3	45,577m3

Social

workforce management female pct	36%
community investment amount	1MUSD
workforce board female pct	38%
workforce female pct	50%
h s fatalities	0count

Governance

audit assurance climate levelⓘ

0level

Circularity

circular revenue pct

23%

P&L highlights (USD)

Headcount (FTE)	10,700people
Revenue	2.9B
Cost of revenue	(1.3B)
Gross profit	1.6B
Total operating expenses	(1.2B)

Balance sheet highlights (USD)

Property, plant & equipment	161.5M
Right-of-use (leased) assets	314.1M
Total assets	4.7B
Total debt	2B
Cash & equivalents	635.9M
Minority interest	47.8M

Events 2022· 15

Dependent: Upstream/downstream transportation decarbonisation

Distribution-related emissions (upstream cat 4 + downstream cat 9) totaled ~28,032 tCO2e in 2021, the second-largest Scope 3 contributor (8%). Samsonite plans to build on its Scope 3 assessment with pilot projects with suppliers to measure and reduce value-chain emissions, with raw materials and distribution identified as priority focus areas.

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Disposition of Russian operations completed

On March 14, 2022, the Group suspended all commercial activities in Russia due to armed conflict in Ukraine. The Group subsequently completed the disposition of its Russian operations on July 1, 2022, impacting comparability for both 2022 and prior years.

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Dependent: Sustainable packaging transition (FSC, recycled cardboard, rPET)

Used 5,936 MT of packaging material in 2022: 5,492 MT FSC-certified or 100% recycled cardboard, 420 MT plastic, 24 MT tape, 0.3 MT polystyrene. Gregory migrated 99% of packaging to recycled content. Latin America transitioned to 100% recycled cardboard, rPET arrows, recycled paper hangtags and recycled LDPE polybags. Asia replaced plastic tape with paper-based tape and phased out Styrofoam.

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Belgian solar array tripled from 2,000 to 6,000 panels

Expanded solar panel array at Oudenaarde, Belgium manufacturing plant from 2,000 to 6,000 panels, now covering 100% of plant's electricity needs and exporting surplus to grid.

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Nashik India tree-planting offsets (1,752 tCO2e in 2022)

Since 2011 the team at Samsonite's Nashik, India site has planted fruit and medicinal trees on Samsonite-owned and Indian-government conservation land. These plantings meet permanence requirements as nature-based offsets. In 2022 they sequestered 1,752 tCO2e (vs 1,358 in 2021, 1,059 in 2020). Samsonite supported planting of over 250,000 trees globally in 2022 (174,000+ in India, 17,500 in Australia, 10,000 in North America wildfire restoration, 39,000 in Europe).

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TCFD-aligned climate risk assessment conducted

Conducted a comprehensive climate risks and opportunities assessment aligned with TCFD guidance, covering 2030 and 2050 scenarios. Identified extreme heat as primary physical risk.

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First-time Scope 3 GHG inventory across 11 categories

In 2022, Samsonite measured its Scope 3 (indirect value chain) emissions for the first time, covering 11 of 15 GHG Protocol categories. Scope 3 totaled 381,506 tCO2e (95% of total footprint). Purchased goods and services dominated at 85%.

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Restated 2021 recycled-content sales from 14% to 17%

The company improved its process for collecting and validating recycled-content sales data, and revised its 2021 figure upward from the previously reported 14% to 17%.

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Mexico manufacturing facility closed

The Cuautitlán Izcalli (Mexico) manufacturing facility closed in September 2022.

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Established Global Sustainability Council and committees

Established Global Sustainability Council plus Product & Innovation and Marketing & Communications committees to coordinate sustainability strategy across regions and brands.

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see 5 more events →

2021

Climate · carbon footprint (tCO2e)

Scope 1	—
Scope 2 (market-based)	—
Scope 3	381,506
Cat 1 · Purchased goods	323,540
Cat 2 · Capital goods	11,707
Cat 3 · Fuel + energy	5,076
Cat 4 · Upstream transport	10,122
Cat 5 · Waste in operations	428
Cat 6 · Business travel	4,213
Cat 7 · Employee commuting	2,409
Cat 9 · Downstream transport	17,910
Cat 11 · Use of sold products	36
Cat 12 · End-of-life	1,670
Cat 14 · Franchises	4,395
Gross carbon footprint	—
Offsets retired	(1,358)
Net carbon footprint	—

Nature

waste hazardous t

12tonnes

Circularity

circular revenue pct

17%