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Samsonite into Asia

Published on .

Samsonite Corp. will push into Asian markets this year through an agreement with Shanghai-based C.G. Petrochemical. The venture will call for a combined investment of $20 million over the next five years to launch the manufacture and distribution of Samsonite products under the Chia Tai-Samsonite brand.

Rookie signs deal
Stephon Marbury, Georgia Tech basketball star who recently announced he would turn professional, has signed an endorsement deal with First Down, a subsidiary of Turbo Sportswear, Perth Amboy, N.J., which markets outerwear, sportswear and jeanswear. Mr. Marbury will endorse outerwear. Damian Bisch & Partners, New York, will handle the First Down advertising.

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