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BusinesssurgeinIndiahelpingtooffsetsalesshortfallinChina,SamsoniteInternationalCEOSeveralcountriesinAsia,exceptChina,areeasingtheirtravelrestrictions,whichisfuelingastrongrecoveryintheirmarketsinthesecondhalf.Forinstance,Indiagrew109%betweenJanuaryandJune.China,historicallyitsbiggestmarketwithintheAsiaregion,continuestoimplementazero-covidpolicywhichhasdelayedtravelrecoveryinthecontinent.Yet,profitabilityremainedstrong,saidthecompanybehindTumiandAmericanTourister.19Aug,2022,05.00PMIST[1]Refe...
Business surge in India helping to offset sales shortfall in China, Samsonite International CEOSeveral countries in Asia, except China, are easing their travel restrictions, which is fueling a strong recovery in their markets in the second half. For instance, India grew 109% between January and June. China, historically its biggest market within the Asia region, continues to implement a zero-covid policy which has delayed travel recovery in the continent. Yet, profitability remained strong, said the company behind Tumi and American Tourister.
19 Aug, 2022, 05.00 PM IST[1]References Business surge in India helping to offset sales shortfall in China, Samsonite International CEO (economictimes.indiatimes.com)