Samsonite International SA (SEHK: 01910) has announced that on August 12, 2026, its wholly-owned subsidiary, Samsonite LLC, entered into a member interest purchase agreement with Beis and the sellers to acquire 85% of the outstanding membership interests of Beis for a cash consideration of $178.5 million, subject to certain adjustments.

Subject to the satisfaction or waiver of conditions, the acquisition is expected to close in the fourth quarter of 2026. Under the terms of an amended and restated operating agreement to be executed at closing, one of the sellers, Home Beis, which will retain approximately half of its existing membership interest, will have the right to exercise a put option at any time after the third anniversary of the closing date, requiring Beis to purchase the rollover units (representing 15% of Beis' outstanding membership interests) from Home Beis. Conversely, Beis will have the right to exercise a call option to require Home Beis to sell the rollover units to Beis. At closing, the buyer and Home Beis will hold 85% and 15% of Beis, respectively, and Beis will become a subsidiary of the company.

Beis operates BÉIS, LLC, a leading lifestyle and travel brand founded in 2018 by actress and entrepreneur Shay Mitchell and nurtured by Beach House Group. The acquisition is expected to expand Samsonite's travel and lifestyle product portfolio, enhance its digital capabilities, and strengthen its growth trajectory in North America. Following the closing, BÉIS will continue to operate as an independent brand within Samsonite's brand portfolio, led by CEO Adeela Hussain Johnson and the existing management team. Shay Mitchell will remain as founder and creative and design director, guiding the brand's long-term creative and product direction.