Luggage-maker Samsonite has been on a “journey” of its own this summer, including a sudden plunge in its stock and the departure of its chief executive. After a recent comeback, its shares may now have reached a sensible destination. Samsonite’s kryptonite was a report published on May 24 by U.S.-based short seller Blue Orca Capital, which both criticized the company’s business and accounting practices, and accused its then CEO Ramesh Tainwala of falsely claiming he had a doctorate. Blue Orca hasn’t given full details of...

Source: Wall Street Journal August 30, 2018 10:52 UTC