Samsonite has faced significant disruptions in the luggage industry resulting from the coronavirus outbreak. While “80% to 90% of our factories” in China are running again according to CEO Kyle Genreau, “we’re now doing things like pushing back orders” due to a lack of demand. Kyle has also noted there’s a “6- to 9-month trough before we start seeing recovery”. There were already signs of weakness in its U.S. business. U.S. seaborne imports linked to Samsonite fell 22.3% in Q4 and by a further 2.2% in the first two months of 2020. At the luxury end of the market there’s been a 46.6% slum...