Licensor buys licensee

[:en]Victorinox, well known for its Swiss Army Knife, bought luggage manufacturer TRG Accessories from Centric Group. TRG was a Victorinox licensee.

The background is the dramatic drop in sales after 9/11, due to the new security rules on planes. Victorinox decided then, it needed to diversify its operation to be less dependent upon knifes. The licensee was a natural target.[:]