Logo: Wallace LLP

Wallace advises First Luggage on merger with US rival

November 2008

Wallace advised First Luggage on its merger with US rival, Sports Express, giving the combined group an annual turnover of $5 million, with First Luggage having an annual growth rate of 100%.  The merger includes the three US market leading luggage delivery brands: Luggage Express, Sports Express and Virtual Bell-Hop.

 

First Luggage is the world’s leading international door-to-door luggage collection and delivery service, with celebrity clients such as Dannii Minogue, Piers Morgan, Normandie Keith, Alan Wicker and Joan Collins. 

 

Gideon Kasfiner, founder and CEO of First Luggage, commented: “This is a great deal for First Luggage, considerably expanding our business and making the company easily the world’s most significant player in the luggage collection and delivery market."

 

David Judah, head of the corporate department at Wallace, said “We have seen this business grow from very small beginnings into a leading player in the market.  This cross border merger gives the business entry into the US market and we look forward to the next exciting phase of growth”.

 

Sports Express was advised by Baker & McKenzie’s Houston office.

 

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