Doughty Hanson & Co., a U.K. private equity firm, is looking to hire an investment bank to conduct a review of its Tumi luggage business, Sky News reported on its website, without saying where it obtained the information.
A sale for the business was not imminent, Sky said, citing people familiar with the situation. Doughty Hanson bought the luxury luggage company for $276 million in 2004.
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