, Columnist
Samsonite Looks Like a Tempting Target for Shorts
The firm lacks a Chinese network, but Blue Orca should expect a fight.
One of Samsonite’s New York stores.
Photographer: Sarah Blesener/BloombergThis article is for subscribers only.
However you regard the veracity of a short-seller’s allegations against Samsonite International SA, one thing is certain: Targeting a Massachusetts-based firm with a wide shareholder base seems to be a much a safer bet than going after the hordes of opaque Chinese companies in Hong Kong.
The baggage company, whose hard-shell suitcases recall the glory days of flying, has become the first intended prey of Blue Orca Capital, a short-selling research company recently established by Glaucus Research co-founder Soren Aandahl.