'Suitcase Giants close merger deal'

- The world's largest producer of Samsonite luggage is on the verge of its position in the market to strengthen further with the acquisition of rival Tumi Holding, reports The Wall Street Journal.

The amount Samsonite must resign to get Tumi in hands, is estimated at approximately $ 2 billion.

Tumi in 2012 was listed on the New York Stock Exchange has access to its own stores, but the company's products are also sold to other chains.

The Samsonite shares are traded on the stock exchange in Hong Kong. The bag and suitcase manufacturer made its stock market debut in 2012.