Skip to main content

We've updated our Privacy Policy. Questions? Email us any time at privacy@ground.news

Published loading...Updated

Shay Mitchell’s Béis to Be Acquired by Samsonite in $210 Million Deal

Samsonite will keep BÉIS as a standalone brand while Mitchell stays on as founder and creative chief after the deal.

  • Luggage giant Samsonite Group announced on Thursday, August 13, that it is acquiring an 85% stake in Shay Mitchell's lifestyle travel brand BÉIS for $178.5 million in cash.
  • Beach House Group, which incubated BÉIS alongside Mitchell, is selling its entire 70 percent ownership stake, while Mitchell retains 15 percent of the company she founded eight years ago.
  • The acquisition values BÉIS at approximately $210 million, with the company continuing to operate as a standalone brand under Samsonite's umbrella with its existing management team intact.
  • CEO Adeela Hussain Johnson will remain in place to lead BÉIS, as Samsonite plans to leverage its global distribution network and logistics platform to accelerate the brand's growth.
  • The transaction is expected to close in the fourth quarter of 2026, pending regulatory approval, as Samsonite integrates BÉIS into its portfolio alongside legacy brands Tumi and American Tourister.
Insights by Ground AI

15 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 69% of the sources are Center
69% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Globo broke the news in Rio de Janeiro, Brazil on Thursday, August 13, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal