Exhibit 10.42

EMPLOYMENT AGREEMENT

EMPLOYMENT AGREEMENT, (this "Agreement") effective as of October 1, 2000 (the "Effective Date"), by and between :



WITNESSETH:

WHEREAS,
the Company desires to retain the services of the Executive and to enter into this Agreement as of the Effective Date.

WHEREAS,
the Executive is willing to serve the Company on the terms and conditions herein provided.

NOW,
THEREFORE, in consideration of the foregoing and of the premises and covenants herein contained, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

1.EMPLOYMENT

The
Company agrees to employ the Executive and the Executive agrees to serve the Company on the terms and conditions set forth herein.

2.TERM

This
Agreement beginning on the Effective Date has been concluded for an indefinite period but no longer than February 12, 2009, when the Executive reaches the age of 60.

3.POSITIONS AND DUTIES

(a)  The
Executive shall serve as President and Managing Director of the Company and shall perform such duties and services prescribed herein and as may be prescribed from
time to time by the Chief Operating Officer of the Company (the "C.O.O."), the Chief Executive Officer of the Company (the "C.E.O.") and / or the Board of Directors of the Company or any duly
authorized committee thereof (the "Board"). The Executive shall perform such duties to the best of his ability and in a diligent and proper manner. The Executive shall report directly to the Chief
Operating Officer of the Company or to the C.E.O. of the parent company, in the absence of the C.O.O.

(b)  Except
during customary vacation periods in Belgium and periods of illness, the Executive shall, during his employment hereunder, devote his full business time and
attention to the performance of services for the Company, and as determined by the Board.

(c)  Nothing
in this Agreement shall affect the Executive's duty of loyalty and duty of care to the Company and its subsidiaries as provided under applicable legislation.

(d)  At
any time during the Term of this Agreement, if the Company has a committee of senior executives to oversee the Company's operations, then the Company shall cause the
Executive to be a member of such committee.

4.COMPENSATION AND RELATED MATTERS



5.TERMINATION

The
Executive's employment hereunder may be terminated under the following circumstances:



6.COMPENSATION UPON TERMINATION

(a)  If
the Executive's employment is terminated (i) by the Company for Cause, (ii) by the Executive other than for Good Reason, or (iii) by reason of
the Executive's death (pursuant to Section 5 (b) hereof), then the Company shall pay the Executive his full Base Salary through the Date of Termination (to the extent not otherwise paid
through the Date of Termination) at the rate in effect immediately prior to the Date of Termination, provided that if the Executive's employment hereunder terminates by reason of his death, the
Company shall continue to make salary payments at the rate of the Base Salary then in effect in respect of the month of death and three calendar months immediately following the month of death. In
addition, notwithstanding any provision to the contrary in this Agreement, the Executive shall continue to participate in, and shall receive all accrued benefits to which the Executive is entitled
under, all of the Company Plans, through the Date of Termination, provided that the Executive shall not be entitled to any portion of the Incentive Bonus unless such bonus shall be payable pursuant to
Section 4 (d) with respect to a Reference Year ending on or before the Date of Termination. With respect to the Incentive Bonus, if the Date of Termination occurs after the end of a
Reference Year and prior to the determination of whether the performance goals for such Reference Year were met, such Incentive Bonus shall be payable, if it is determined that such goals were met, in
accordance with the provisions of Section 4 (d) hereof.

(b)  If
the Executive's employment is terminated (i) by the Company without Cause or (ii) by the Executive for Good Reason, then the Company shall pay to the
Executive a severance pay in a lump sum not later than the fifth day following the Date of Termination.

The
indemnity will be calculated using the "Claeys-formule" used by Labour Courts in Belgium as a standard guideline in defining severance pay amounts. This formula takes into account:



For
this purpose the seniority of the Executive will be counted from his first working day at Samsonite, i.e. June 1, 1974.

As
legally foreseen in Belgium, in case of termination with "Money-in-lieu-of-notice" the Company Pension Plan Contributions will be due
for the total period (months) covered by the normal notice period as calculated with the "Claeys-formule" as referred to above.

(c)  Any
amounts paid pursuant to the provisions of Section 6 (b) above shall be in lieu of any amounts payable to Executive pursuant to any severance or
termination pay program maintained by the Company, and the Executive hereby expressly waives and relinquishes all rights under any such programs.

7.LEGAL FEES, REIMBURSEMENT OF CERTAIN EXPENSES

The
Company shall promptly reimburse the Executive for the reasonable legal fees and expenses incurred by the Executive in connection with enforcing or defending any right of the
Executive pursuant to this Agreement; provided that the Company shall have no obligations to reimburse the Executive for any such fees and expenses unless the resolution of any action taken by the
Executive to enforce such right is in favor of the Executive. In addition, the Company hereby agrees that the amount of any such legal fees and expenses reimbursed to the Executive in connection with
obtaining or enforcing any right or benefit provided to the Executive by the Company pursuant to or in accordance with this Agreement shall not be taken into account by the Company in determining the
aggregate compensation paid or payable to the Executive under this Agreement.

8.INDEMNIFICATION

The
Company shall indemnify the Executive (and his legal representatives), unless expressly prohibited by applicable law, against all losses, claims, damages, liabilities, costs, charges
and expenses incurred or sustained by him or his legal representatives in connection with any action, suit or proceeding to which he (or his legal representatives) may be made a party by reason of his
being or having been a director, officer, or employee of the Company (including payment of expenses in advance of the final disposition of the proceeding). The Company further agrees, upon demand by
the Executive, promptly to reimburse the Executive for, or pay, any loss, claim, damage, liability or expense, unless expressly prohibited by applicable law, to which the Company has agreed to
indemnify the Executive pursuant to Sections 7 an 8 hereof. If any action, suit or proceeding is brought or threatened against the Executive in respect of which indemnity may be sought against the
Company pursuant to the foregoing, the Executive shall notify the Company promptly in writing of the institution of such action, suit or
proceeding. Such action, suit or proceeding shall be defended by and be under the exclusive control of the Company and its counsel, except that the Executive shall have the right to designate separate
counsel, acceptable to the Executive in his sole discretion, and, to the extent of a conflict of interest with the Company, the right to direct, control and supervise the Executive's defense of such
action, suit or proceeding.

9.TAXES

The
Company shall deduct from all amounts payable under this Agreement Social Security Contribution and Income Tax Withholdings required by law to be withheld with respect to such
payments.

10.CONFIDENTIALITY AND NONCOMPETITION

(a)  Unless
otherwise required by law or judicial process, the Executive shall keep confidential all confidential information known to the Executive concerning the Company
and its business during his employment with the Company and for the shorter of three (3) years following the termination of the Executive's employment with the Company or until such information
is publicly disclosed by the Company or otherwise becomes publicly disclosed other than through the Executive's actions; provided, that the Executive shall provide notice to the Company in advance of
any disclosure required by law or judicial process in a timely manner to permit the Company to oppose such compelled disclosure.

(b)  The
Executive agrees that during his employment with the Company and for a period of one (1) year thereafter (unless such employment is terminated by the Company
pursuant to Section 5 (c) without Cause or by the Executive pursuant to Section 5 (d) with Good Reason, provided that the Company does not contest that such termination was
for Good Reason), he shall not, directly or indirectly, as a principal, officer, director, employee or in any other capacity whatsoever, without the prior written consent of the Company, engage in, or be or become interested or acquire any ownership of any kind in, or become associated with, or make loans or advance property to any person engaged
in or about to engage in, any business activity that is in substantial competition (in excess of 15% of net sales of the business) with any of the businesses engaged in by the Company during the Term
in any of the geographic areas in which such businesses are then conducted by the Company or have been conducted by the Company during the twelve months preceding the termination of the Executive's
employment. Nothing in this agreement shall prevent the Executive from making or holding any investment in any amount in securities traded on any national securities exchange or traded in the over the
counter market, provided said investments do not exceed one percent (1%) of the issued and outstanding stock of any one such corporation.

11.SUCCESSORS; BINDING AGREEMENT

(a)  This
Agreement shall be binding upon and inure to the benefit of the Company and any successor of the Company, including, without limitation, any corporation or
corporations acquiring directly or indirectly all or a substantial portion of the stock, business, or assets of the Company, whether by merger, restructuring, reorganization, consolidation, division,
sale or otherwise (and such successor shall thereafter be deemed the "Company" for the purposes of this Agreement).

(b)  This
Agreement and all rights of the Executive hereunder shall inure to the benefit of and be enforceable by the Executive's personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive should die while any amounts would be still payable to him hereunder if he had continued to live,
all such amounts, unless otherwise provided hereunder, shall be paid in accordance with the terms of this Agreement to the Executive's devisee, legatee, or other beneficiary or, if there be no such
beneficiary, to the Executive's estate.

12.NOTICE

For
purposes of this Agreement, notices, demands and all other communications provided for in the Agreement shall be in writing and shall be deemed to have been duly given
(i) when hand delivered, (ii) when sent, if sent by overnight mail, overnight courier or facsimile transmission or (iii) mailed by registered mail as follows:



(with
a copy to the attention of Legal Counsel and Human Resources)

13.SURVIVORSHIP

The
respective rights and obligations of the parties hereunder set forth in Sections 6, 7, 8, 9 and 10 of this Agreement shall survive any termination of this Agreement to the extent
necessary to the intended preservation of such rights and obligations.

14.REPRESENTATIONS AND WARRANTIES

The
Company represents and warrants that (a) it is fully authorized and empowered to enter into this Agreement and that its Board has approved the terms of this Agreement,
(b) the execution of this Agreement and the performance of its obligations under this Agreement shall not violate or result in a breach of the terms of any material agreement to which the Company is a party or by which it is bound, (c) no approval by any governmental authority or body is required for it to enter into
this Agreement, and (d) the Agreement is valid, binding and enforceable against the Company in accordance with its terms, except to the extent affected or limited by applicable bankruptcy laws
of other statutes governing the right of creditors generally and any regulations or interpretations thereof. The Executive represents and warrants that his execution of this Agreement and his
performance of his duties and responsibilities under this Agreement shall not violate or result in a breach of the terms of any material agreement to which he is a party or by which he is bound.

15.MISCELLANEOUS



16.VALIDITY

The
invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision or provisions of this
Agreement, which shall remain in full force and effect.

17.COUNTERPARTS

This
Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same instrument.

IN
WITNESS WHEREOF, the Company has caused its name to be subscribed to this Agreement by its duly authorized representative and the Executive has executed this Agreement as of the date
and the year first above written.

|The Executive                             |  | The Company
Samsonite Europe N.V.
|----------------------------------------- |  | ---------------------------------
|/s/MARC MATTON                            |  | By:                              
|Marc Matton
President & Managing Director |  |                                  
|                                          |  | Luc Van Nevel
Managing Director  
|Oudenaarde, October 1, 2000               |  |                                  



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