Grant Thornton advises Rolling Luggage Limited

Rolling Luggage is a specialist airport retailer with presence in 37 locations globally, including locations at Heathrow, Frankfurt, Sydney and Hong Kong. 

The successful turnaround by Rcapital, which included securing a long-term extension to its stores at London’s Heathrow Airport, ensured Rolling Luggage was an attractive proposition to global players such as Samsonite.  

The confidential sale process, which attracted a number of interested parties, allowed our advisory team to ensure the best possible result was achieved for the shareholders of the business. 

The transaction involved a number of complex structuring and tax issues which our transactional tax team provided significant input into, ensuring the transaction proceeded on acceptable terms to all parties. 

In addition, there were a number of complexities to this cross-border deal, allowing us to demonstrate a truly global one firm approach. 

The deal with Samsonite will allow Rolling Luggage to continue to build on its recent success and further accelerate its growth.