# Luxury Luggage Losses Samsonite's 1.5 Billion Dollar Defecit Leads to Bankruptcy Filing By Jacqueline Parrish | Published 2009-09-04 | Business Source: Trend Hunter, https://www.trendhunter.com/trends/samsonite-filing-for-bankruptcy References: [uk.eu.samsoniteblacklabel](http://uk.eu.samsoniteblacklabel.com/shop.samsonitejsessionid=E93A040DA813A9CE8CC5A00D0ACF150B,http://cocoperez.com/?from=PH&p=46837http://cocoperez.com/?from=PH&p=46819) & [cocoperez](http://cocoperez.com/?from=PH&p=46837) This year’s recession has seen some of the world's largest, most recognized companies with assests in the billions of dollars filing for bankruptcy. [Samsonite](https://www.trendhunter.com/trends/kenny-scharf1), a company that caters to world of luxury business travelling with products that range from [luggage and briefcases](https://www.trendhunter.com/trends/samsonite-outline-pro) to dress shoes, is the latest company to be taken down, filing for bankruptcy with over a billion and a half dollars of liability. Hot on the heels of Samsonite is [Barneys](https://www.trendhunter.com/trends/hourglass-and-barneys-new-york); a chain of luxury department stores that hock expensive designer goods. Check out the gallery of Samsonite wares above; with them filing for bankruptcy, I imagine you will soon be able to get the couture items on the cheap. ## Trend Insights (Trend Hunter) - Score: 3.3/10 - Popularity: 61% | Activity: 29% | Freshness: 8% - Audience gender: 10% men, 90% women - Primary generations: Millennial, Gen X - Top markets: North America, Europe ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Business](https://www.trendhunter.com/business) > [Market](https://www.trendhunter.com/market) ## Key Themes ### What's Driving This Trend - **Luxury Retail Decline:** The recession has impacted luxury retailers causing them to file for bankruptcy. - **Changing Consumer Preferences:** Consumers are becoming less interested in luxury goods during economic downturns. - **Affordable Luxury:** The decline of luxury retailers presents an opportunity for affordable luxury brands. ### Who This Affects Most - **Luxury Retail:** Luxury retailers need to adapt to changing consumer preferences in order to avoid bankruptcy. - **Affordable Luxury Brands:** The decline of luxury retailers presents an opportunity for affordable luxury brands to gain market share. - **Personal Finance Management:** Personal finance management services can help consumers adjust their spending habits during economic downturns. ## Related on Trend Hunter - [Artistically Adorned Luggage Collections](https://www.trendhunter.com/trends/kenny-scharf1.md) - [Ultra-Sleek Luggage Collections](https://www.trendhunter.com/trends/samsonite-x-boss.md) - [Circular Green Luggage Capsules](https://www.trendhunter.com/trends/samsonite-2.md) - [Sporty Luggage Partnerships](https://www.trendhunter.com/trends/official-luggage-partner.md) - [Official Sailing Luggage Partners](https://www.trendhunter.com/trends/us-sailing.md) - [Luxe Luggage Brand Purses](https://www.trendhunter.com/trends/rimowa-groove-collection.md) - [Grooved Aluminum Luggages](https://www.trendhunter.com/trends/rimowa-5.md) - [Luxe Luggage-Only Stores](https://www.trendhunter.com/trends/gucci-valigeria-boutique.md) - [Lost Luggage-Focused Promotions](https://www.trendhunter.com/trends/holiday-relief.md)