American Leather News

CVC Funds and Royal Bank of Scotland Group PLC are seeking to raise up to US$220 million by selling shares in Hong Kong-listed U.S. luggage maker Samsonite International SA , according to a term sheet seen by Dow Jones Newswires Tuesday.

In this June 16, 2011 file photo, people wait at a tram stop next to Samsonite advertising in Hong Kong.

Samsonite International SA 's sales in Asia , its largest market, will increase 15-20 percent this year, slowing from 43 percent growth in 2011, Chairman and Chief Executive Officer Tim Parker said.

Mar. 27, 2012 - March 28 -- Tim Parker, chairman and chief executive officer of Samsonite International SA, talks about the company's financial results, luggage brands and growth strategy.

Whether it resembles a well-traveled saddle or a buttery smooth burst of cherry red or lime green, leather furniture is classic and strong.