Luggage Brand Away Is Exploring Options, Including a Sale
A traveler rides an escalator with an Away brand suitcase in Los Angeles International Airport.
Photographer: Bing Guan/BloombergAway, the luggage company valued at $1.45 billion when it raised capital in 2019, is exploring strategic options including a sale, according to people with knowledge of the matter.
New York-based JRSK Inc., which operates as Away, is working with an adviser to solicit interest from potential buyers, said one of the people, who asked not to be identified discussing confidential information. It’s unclear what Away could fetch in a transaction, and it’s possible the company would opt not to be sold.