Samsonite closes 85% BÉIS buy for $178.5M cash

Samsonite Group said Closing of its acquisition of BÉIS, LLC took place on October 1, 2026, making BÉIS an indirect 85%-owned subsidiary, as disclosed in a Hong Kong Exchange closing announcement dated October 2 that points back to August economics of US$178.5 million cash consideration and approximately US$210 million enterprise value.

Samsonite Group closed its acquisition of lifestyle and travel brand BÉIS on October 1, 2026, taking an 85% stake and disclosing the close in a Hong Kong Exchange announcement dated October 2 alongside a company Completes press release.

What closed on October 1

Samsonite Group S.A. (SEHK: 1910) said Closing of its acquisition of BÉIS, LLC took place on October 1, 2026 after all conditions under the Membership Interest Purchase Agreement were satisfied. Upon Closing, BÉIS became an indirect, 85%-owned subsidiary of Samsonite Group, according to the October 2 Hong Kong Exchange closing announcement.

The company's Completes press release — datelined Mansfield, Massachusetts and Los Angeles on October 1, and Hong Kong on October 2 — states that Samsonite has completed the acquisition of BÉIS, a digitally native lifestyle and travel brand founded in 2018 by actress and entrepreneur Shay Mitchell.

What the August agreement priced

The October 2 closing announcement does not restate a final dollar amount. The economics readers need come from Samsonite's August 13, 2026 Hong Kong Exchange announcement of the Membership Interest Purchase Agreement dated August 12, 2026: cash consideration of US$178.5 million for the Acquired Interests representing 85% of BÉIS's outstanding membership interests, subject to closing and post-closing adjustments for cash, indebtedness, net working capital, and Rollover Units. That announcement framed a total enterprise value of approximately US$210 million on a cash-free, debt-free basis. The Final Purchase Price after post-closing true-up is not disclosed in the sealed closing materials.

Standalone brand path

Samsonite said BÉIS will continue to operate as a standalone brand within the group's portfolio under Brand President and CEO Adeela Hussain Johnson and the existing management team, with Shay Mitchell continuing to guide long-term creative and product direction as Founder and Head of Creative and Design.

Why the close matters

A sealed Hong Kong Exchange closing announcement turns the August Membership Interest Purchase Agreement into a funded October 1 close of an 85% stake in BÉIS, with the August disclosure still supplying the US$178.5 million cash / approximately US$210 million enterprise-value baseline while leaving post-closing true-up of the Final Purchase Price open.