Samsonite LLC Acquires TUMI

Samsonite LLC, Hong Kong, announced that it has acquired TUMI, South Plainfield, N.J., in a cash transaction worth $1.8 billion. This is Samsonite LLC’s largest acquisition since its initial public offering in 2011, according to CNBC. Samsonite LLC will pay $26.75 per share in the transaction, representing a 33 percent premium of TUMI’s closing price. With…

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New Container Shipping Rule Could Cause Port Congestion

A collection of global shipping logistics companies sent a letter to the International Maritime Organization (IMO) to clarify details on a new container-weighing requirement that could make big changes in the global shipping industry. According to The Wall Street Journal, the Global Consolidators Working…

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New Scribble Pen Replicates Any Color with Scanner

For those of you who answer the question, “What’s your favorite color?” with “rainbow,” there may finally be the perfect pen for you. The Scribble Pen uses a special ink cartridge and scanner to replicate any color with both a ballpoint pen tip and stylus tip for tablets. According to Mashable, the Scribble Pen allows…

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Promoting Higher Education

College was an exciting time in my life. For me, a kid from suburban Central Pennsylvania, it was a time when I moved to an exciting city, made new friends from all over the country (and the world)…

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4 Children’s Promotions for Leap Day Babies

Today is leap day, which only happens every four years. Those who were born on Feb. 29 only get to celebrate every four years, which means (because of science) that they only have birthdays every four years. So, for all of you leap day babies who think you’re turning 40 this year, you’re really only turning…

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University of Utah Ditches Merchandiser After Questionable T-shirt Post

The University of Utah Trademarks and Licensing Program said it will no longer do business with a Salt Lake City-based merchandise company following a post on social media of an inappropriate T-shirt. According to KSL.com, Offside Apparel, an independent business that sells Utah Utes memorabilia, posted a photo of another company’s design poking fun at…

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