, the State Secretariat for Economic Affairs reported on Tuesday. Private consumption rose 0.2% from the fourth quarter, driven mainly by housing and health care as well as banking services and insurance, the agency said. Consumption spending on food and clothing fell, the secretariat in the Middle East and advised on some of the region's biggest transactions, including Emirates International Investment Co.'s $1.5 billion acquisition of a 3% stake in media giant Vivendi SA and Kuwaiti telco Zain in the failed $12 billion takeover attempt by Etisalat of the United Arab Emirates. His hire represents an increasing trend among private banks of hiring well-connected investment bankers to deal with ultra-high net worth clients, which banks generally view as those who bring more than $50 million in assets to be banked. Momdjian "brings with him deep relationships and unrivalled experienceday. Luxembourg-incorporated Samsonite, which started bookbuilding for institutional investors Monday, plans to offer 671.24 million shares, of which 82% are secondary shares from existing shareholders, at an indicative price range of HK$13.50-HK$17.50 each, the term sheet said. The company is scheduled to launch the Hong Kong public offering on June 3, the term sheet said. Samsonite, which makes suitcases, casual bags and travel products, had more than 37,000 points of sales by the end of 2010, of which 36,384 were wholesale and 734 were r