Samsonite in CVC rescue deal

The world&rsquo;s largest luggage-maker Samsonite has been thrown a last-minute lifeline by its private equity owner CVC, it said yesterday.<br /><br />Samsonite was on the verge of breaching its lending covenants before CVC signed a deal with lender RBS, giving the taxpayer-owned bank a stake in the US suitcase firm. Samsonite&rsquo;s pre-tax profits plunged from $120m (&pound;70m) to $40m last year.