Originally Posted by
jtav559
Order was placed, used paypal to checkout. Noted the charge was for Samsonite Brands.com - which seems new to me.
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So my uneducated and mildly informed guess is that there was some sort of corporate change (sold to? merger?) that caused the rewards program to end, site to change style, and Samsonite Brands be the vendor of record w/ Paypal.
Headline from three years ago:
Luggage giant Samsonite International S.A. has acquired web-only travel bag retailer eBags Inc. for $105 million in cash.
This is the second major acquisition in a little more than a year for Samsonite, which bought upscale luggage retailer
Tumi Inc., No. 393 in
the Internet Retailer 2016 Top 500 Guide, for $1.8 billion in March 2016.
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The $105 million acquisition price is 66.2% of eBags’ 2016 online sales, suggesting that eBags was not generating much profit. The 0.66 multiple is slightly lower than the average 0.77 multiple of prior-year sales in recent acquisitions.
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