Samsonite's shares set to rise 7.8 percent as CEO steps down
HONG KONG (Reuters) - Shares of Samsonite International <1910.HK> were set to rise 7.8 percent in resumed trade on Friday after it said it had replaced its chief executive following a short-seller attack that caused the firm's shares to plunge.
The world's biggest luggage maker said on Friday it had replaced under-fire Chief Executive Ramesh Tainwala with Chief Financial Officer Kyle Gendreau, who would take the helm with "immediate effect".
Samsonite's shares were set to open up nearly 8 percent at HK$29.00.
(Reporting by Anne Marie Roantree; Editing by Edwina Gibbs)
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