TUMI news and archive

Tumi and Missoni join forces for exclusive travel collection

International travel brand Tumi has unveiled its collaboration with Italian luxury house Missoni in the form of a range of bags, cases and travel accessories. The Tumi x Missoni collection holds a total of nine pieces including bag styles including a weekender, a crossbody, a sling, a backpack and a tote, all with the purpose of on-the-go daily...

Retail

Tumi opens new store in Covent Garden

International premium luggage brand Tumi has opened a new store in Covent Garden, London. Located at 10 North Piazza, Royal Opera House Arcade, the store is Tumi fourth stand-alone location in the UK. Spanning 103 square meters, the new lifestyle store is also Tumi third store in London. The new boutique features a newly designed interior,...

Fashion

Tumi teams with Orlebar Brown for travel collaboration

New Jersey-based manufacturer Tumi just teamed up with a British brand for a new travel collection. Pairing with Orlebar Brown, the two have launched an exclusive capsule entitled Tumi by Orlebar Brown. Bringing together the two brand’s signature styles, the collection infuses Tumi’s laidback style along with Orlebar Brown’s beach-inspired vibe....

Business

Samsonite to buy luggage rival Tumi

The world's biggest luggage maker, Samsonite, has confirmed that it has agreed to buy luxury rival Tumi for 26.75 dollars per share in an all-cash transaction, as it looks to gain access to the premium end of the luggage market. Tumi, which makes products ranging from rolling luggage to tablet cases and briefcases, has been valued at 1.8 billion...

Fashion

London´s market faces draught of luxury sector IPOs

Once thought as THE place to be when launching a luxury goods company´s IPO, London Stock Exchange is facing a drought that starts to last for too long. Shareholders prefer more exotic markets such as Hong Kong or New York. Richard Weaver, capital markets partner at PwC said when presenting the IPO Watch Europe earlier this year: “Companies...

Fashion

Tumi to launch shares offering for up to USD319.3 million

Luxury baggage maker Tumi Holdings, Inc. will be the next luxury peer to float in New York Stock Exchange. Tumi plans to sell 18,779,865 shares in a price range of $15 to $17 each under the “Tumi” stock ticker,aiming to fundraise up to USD319.3 million. The luggage maker’s sales increased 31 percent to $330 million last year, while net income...

Fashion

Tumi introduces ladies bags

Luxury luggage specialist Tumi is adding handbags to its offering. The brand, which was established 32 years ago, will introduce four new handbag collections next month. The collections will consist of leather hobos, totes and shoppers, weekend bags made of khaki, coated cotton and metallic linen, a range made from a variety of materials...

Fashion

Tumi turns to India

Luxury luggage brand Tumi will be entering the Indian market this year. The Murjani Group plans to open 10 freestanding Tumi stores in India by 2010, with the first store opening planned for later this year either in Delhi or Mumbai. "The first brand we (launched) in India was Tommy Hilfiger in 2004," Murjani Group chairman Mohan Morjani told...