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{{Short description|American suitcase and bag manufacturer}}
{{Infobox company
{{Infobox company
|name = Tumi Holdings, Inc.
| name = Tumi, Inc.
|logo = Tumi-Logo.png
| logo = Tumi-Logo.png
|logo_size = 200px
| logo_size = 200px
|type = [[Subsidiary]]
| type = [[Subsidiary]]
|foundation = United States (1975)
| foundation = {{start date and age|1975}}, in the United States
|founder = Charlie Clifford
| founder = Charlie Clifford
|location = [[Edison, New Jersey]]
| location = [[Edison, New Jersey]], U.S.
|parent = [[Samsonite]]
| parent = [[Samsonite]]
|homepage = [https://www.tumi.com tumi.com], [https://www.tumi.com.au tumi.com.au], [https://www.tumi.sg tumi.sg], [https://www.tumi.my tumi.my]
| homepage = {{URL|https://www.tumi.com}}
}}
}}
[[File:TUMI - panoramio.jpg|thumb|Tumi store in [[Westfield Topanga & The Village]]]]
[[File:A Tumi store in Rehoboth Beach, Delaware.jpg|thumb|A Tumi store in [[Rehoboth Beach, Delaware]]]]
'''Tumi Holdings, Inc.''', is a manufacturer of high-end [[suitcase]]s and bags for travel based in [[Edison, New Jersey]]. Founded in 1975 by Charlie Clifford after a stint in the [[Peace Corps]] in [[Peru]], the company is named after a Peruvian [[tumi]] ceremonial knife used for sacrifices.<ref>{{cite news|url=https://www.google.com/finance?cid=4570408|title=Tumi, Inc.|work=[[Google Finance]]|date=2009|accessdate=2009-03-28}}</ref> Tumi, Inc. was a unit of [[Doughty Hanson & Co.]] from 2004 until after its 2012 [[initial public offering]].<ref>{{cite news|url=http://www.hoovers.com/tumi/--ID__113952--/free-co-profile.xhtml|title=Tumi, Inc.|work=[[Hoover's]]|date=2009|accessdate=2009-03-28}}</ref><ref>{{cite news|url=http://www.inc.com/magazine/20110501/how-i-did-it-charlie-clifford-tumi-luggage.html |date=May 2011|title=How I Did It: Tumi's Charlie Clifford|work=Inc Magazine}}</ref>
'''Tumi Holdings, Inc.''', is a manufacturer of high-end luxury [[suitcase]]s and bags for travel based in [[Edison, New Jersey]]. Founded in 1975 by Charlie Clifford after a stint in the [[Peace Corps]] in [[Peru]], the company is named after a Peruvian [[tumi]] ceremonial knife used for sacrifices.<ref>{{cite news|url=https://www.google.com/finance/?cid=4570408|title=Tumi, Inc.|work=[[Google Finance]]|date=2009|access-date=2009-03-28}}</ref> Tumi, Inc. was a unit of [[Doughty Hanson & Co.]] from 2004 until after its 2012 [[initial public offering]].<ref>{{cite news|url=http://www.hoovers.com/tumi/--ID__113952--/free-co-profile.xhtml|title=Tumi, Inc.|work=[[Hoover's]]|date=2009|accessdate=2009-03-28}}</ref><ref>{{cite news|url=http://www.inc.com/magazine/20110501/how-i-did-it-charlie-clifford-tumi-luggage.html |date=May 2011|title=How I Did It: Tumi's Charlie Clifford|work=Inc Magazine}}</ref>


Tumi's products are known for their black-on-black [[ballistic nylon]].<ref name="Business Week">{{cite news|url=http://images.businessweek.com/ss/07/01/0124_tumi/source/1.htm|title=Tumi: Luxury Luggage, and a Lot More|work=[[Business Week]]|date=2007-01-24|accessdate=2009-03-28}}</ref> Tumi is available at [[department store]]s and specialty stores, as well as over 120 Tumi stores and 200 shops around the world.<ref>{{cite news|url=http://www.hoovers.com/tumi/--ID__113952--/free-co-profile.xhtml|title=The high season for luggage and briefcases kicks off|work=[[The Panama Post]]|date=2008-12-29|accessdate=2009-03-28}}</ref>
Tumi's products are known for their black-on-black [[ballistic nylon]].<ref name="Business Week">{{cite news|url=http://images.businessweek.com/ss/07/01/0124_tumi/source/1.htm|archive-url=https://web.archive.org/web/20070208130025/http://images.businessweek.com/ss/07/01/0124_tumi/source/1.htm|url-status=dead|archive-date=February 8, 2007|title=Tumi: Luxury Luggage, and a Lot More|work=[[Business Week]]|date=2007-01-24|accessdate=2009-03-28}}</ref> Tumi is available at [[department store]]s and specialty stores, as well as over 120 Tumi stores and 200 shops around the world.<ref>{{cite news|url=http://www.hoovers.com/tumi/--ID__113952--/free-co-profile.xhtml|title=The high season for luggage and briefcases kicks off|work=[[The Panama Post]]|date=2008-12-29|accessdate=2009-03-28}}</ref>


Tumi also supplies accessories such as [[Belt (clothing)|belts]], [[Pen|pens]], and electronic equipment. The company teamed with designer [[Anish Kapoor]] in 2006 to produce the PowerPack Backpack that incorporated solar technology for charging phones and [[Personal digital assistant|PDAs]].<ref>{{cite news|url=http://images.businessweek.com/ss/07/01/0124_tumi/source/5.htm|title=Tumi Time: PowerPack Backpack|work=[[Business Week]]|date=2007-01-24|accessdate=2009-03-28}}</ref> The company also had a licensing agreement with the Italian motorcycle manufacturer [[Ducati]] to launch a collection of eight [[Co-branding|co-branded]] pieces in 2006, sold through both of the brands' retail outlets.<ref>{{cite news|url=http://images.businessweek.com/ss/07/01/0124_tumi/source/5.htm|title=Tumi Time: Tumi+Ducati Collection|work=[[Business Week]]|date=2007-01-24|accessdate=2009-03-28}}</ref>
Tumi also supplies accessories such as [[Belt (clothing)|belts]], [[Pen|pens]], and electronic equipment. The company teamed with designer [[Anish Kapoor]] in 2006 to produce the PowerPack Backpack that incorporated solar technology for charging phones and [[Personal digital assistant|PDAs]].<ref>{{cite news|url=http://images.businessweek.com/ss/07/01/0124_tumi/source/5.htm|archive-url=https://web.archive.org/web/20120308092238/http://images.businessweek.com/ss/07/01/0124_tumi/source/5.htm|url-status=dead|archive-date=March 8, 2012|title=Tumi Time: PowerPack Backpack|work=[[Business Week]]|date=2007-01-24|accessdate=2009-03-28}}</ref> The company also had a licensing agreement with the Italian motorcycle manufacturer [[Ducati]] to launch a collection of eight [[Co-branding|co-branded]] pieces in 2006, sold through both of the brands' retail outlets.<ref>{{cite news|url=http://images.businessweek.com/ss/07/01/0124_tumi/source/5.htm|archive-url=https://web.archive.org/web/20120308092238/http://images.businessweek.com/ss/07/01/0124_tumi/source/5.htm|url-status=dead|archive-date=March 8, 2012|title=Tumi Time: Tumi+Ducati Collection|work=[[Business Week]]|date=2007-01-24|accessdate=2009-03-28}}</ref>


Tumi puts a metal plate with a unique 20-digit registration number in each of its bags. Customers can register for the Tumi Tracer program to have their contact information entered into a central database so they can be reunited with their bag if it is found.<ref>{{cite news|url=http://travel.nytimes.com/2005/09/04/travel/04luggage.html|title=So, Which Bag Did You Say Was Yours?|work=[[The New York Times]]|date=2005-09-04|accessdate=2009-03-28 | first=Michelle | last=Higgins}}</ref>
Tumi puts a metal plate with a unique 20-digit registration number in each of its bags. Customers can register for the Tumi Tracer program to have their contact information entered into a central database so they can be reunited with their bag if it is found.<ref>{{cite news|url=http://travel.nytimes.com/2005/09/04/travel/04luggage.html|title=So, Which Bag Did You Say Was Yours?|work=[[The New York Times]]|date=2005-09-04|accessdate=2009-03-28 | first=Michelle | last=Higgins}}</ref>
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On April 19, 2012, Tumi made an initial public offering of 18,779,865 shares, as Tumi Holdings, Inc. (NYSE: TUMI).<ref>{{cite web|url=http://www.nasdaq.com/markets/ipos/company/tumi-holdings-inc-869627-68806|title=TUMI HOLDINGS, INC. (TUMI) IPO|author=|date=|website=NASDAQ.com|accessdate=31 July 2018}}</ref> In December 2013, Joseph R. Gromek was named Chairman of Board of Directors.<ref name="Joseph R. Gromek Named Tumi Chairman">{{cite news| url=http://www.wwd.com/business-news/human-resources/joseph-r-gromek-named-tumi-chairman-7303858?src=n/newsAlert/20131209-2 | title=Joseph R. Gromek Named Tumi Chairman | work=WWD | date=9 December 2013 | accessdate=10 December 2013 | author=Young, Vicki M.}}</ref>
On April 19, 2012, Tumi made an initial public offering of 18,779,865 shares, as Tumi Holdings, Inc. (NYSE: TUMI).<ref>{{cite web|url=http://www.nasdaq.com/markets/ipos/company/tumi-holdings-inc-869627-68806|title=TUMI HOLDINGS, INC. (TUMI) IPO|author=|date=|website=NASDAQ.com|accessdate=31 July 2018}}</ref> In December 2013, Joseph R. Gromek was named Chairman of Board of Directors.<ref name="Joseph R. Gromek Named Tumi Chairman">{{cite news| url=http://www.wwd.com/business-news/human-resources/joseph-r-gromek-named-tumi-chairman-7303858?src=n/newsAlert/20131209-2 | title=Joseph R. Gromek Named Tumi Chairman | work=WWD | date=9 December 2013 | accessdate=10 December 2013 | author=Young, Vicki M.}}</ref>
[[File:TUMI - panoramio.jpg|thumb|Tumi store in [[Westfield Topanga & The Village]]]]

On March 4, 2016, [[Samsonite]] announced it would acquire Tumi in an all-cash transaction worth US$1.8Bn.<ref>{{cite web|title=Samsonite to acquire Tumi for US$26.75 per share to create a leading global travel lifestyle comopany |website=Samsonite.com|url=http://www4.samsonite.com/_investordocs/20160304085432_E_Samsonite%20to%20acquire%20Tumi%20Press%20Release%20(Final%20-%202016-03-04).pdf}}</ref>
On March 4, 2016, [[Samsonite]] announced it would acquire Tumi in an all-cash transaction worth $1.8 billion.<ref>{{cite web|title=Samsonite to acquire Tumi for US$26.75 per share to create a leading global travel lifestyle comopany |website=Samsonite.com|url=http://www4.samsonite.com/_investordocs/20160304085432_E_Samsonite%20to%20acquire%20Tumi%20Press%20Release%20(Final%20-%202016-03-04).pdf}}</ref>


In November 2019, [[McLaren]] announced a partnership agreement with Tumi as the official luggage partner for McLaren Racing and [[McLaren Automotive]].<ref>{{Cite web |date=2019-11-26 |title=McLaren Racing - McLaren announces TUMI as official luggage partner |url=https://www.mclaren.com/racing/partners/tumi/mclaren-announces-tumi-official-luggage-partner/ |access-date= |website=www.mclaren.com |language=en}}</ref>
In November 2019, [[McLaren]] announced a partnership agreement with Tumi as the official luggage partner for McLaren Racing and [[McLaren Automotive]].<ref>{{Cite web |date=2019-11-26 |title=McLaren Racing - McLaren announces TUMI as official luggage partner |url=https://www.mclaren.com/racing/partners/tumi/mclaren-announces-tumi-official-luggage-partner/ |access-date= |website=www.mclaren.com |language=en}}</ref>
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[[Category:South Plainfield, New Jersey]]
[[Category:South Plainfield, New Jersey]]
[[Category:2012 initial public offerings]]
[[Category:2012 initial public offerings]]
⚫
[[Category:2004 mergers and acquisitions]]
[[Category:2016 mergers and acquisitions]]
[[Category:2016 mergers and acquisitions]]
[[Category:American subsidiaries of foreign companies]]
[[Category:American subsidiaries of foreign companies]]
⚫
[[Category:2004 mergers and acquisitions]]
[[Category:High fashion brands]]
[[Category:High fashion brands]]

Latest revision as of 06:08, 31 December 2024

Tumi, Inc.
Company typeSubsidiary
Founded1975; 50 years ago (1975), in the United States
FounderCharlie Clifford
HeadquartersEdison, New Jersey, U.S.
ParentSamsonite
Websitewww.tumi.com
A Tumi store in Rehoboth Beach, Delaware

Tumi Holdings, Inc., is a manufacturer of high-end luxury suitcases and bags for travel based in Edison, New Jersey. Founded in 1975 by Charlie Clifford after a stint in the Peace Corps in Peru, the company is named after a Peruvian tumi ceremonial knife used for sacrifices.[1] Tumi, Inc. was a unit of Doughty Hanson & Co. from 2004 until after its 2012 initial public offering.[2][3]

Tumi's products are known for their black-on-black ballistic nylon.[4] Tumi is available at department stores and specialty stores, as well as over 120 Tumi stores and 200 shops around the world.[5]

Tumi also supplies accessories such as belts, pens, and electronic equipment. The company teamed with designer Anish Kapoor in 2006 to produce the PowerPack Backpack that incorporated solar technology for charging phones and PDAs.[6] The company also had a licensing agreement with the Italian motorcycle manufacturer Ducati to launch a collection of eight co-branded pieces in 2006, sold through both of the brands' retail outlets.[7]

Tumi puts a metal plate with a unique 20-digit registration number in each of its bags. Customers can register for the Tumi Tracer program to have their contact information entered into a central database so they can be reunited with their bag if it is found.[8]

In 2004, Doughty Hanson & Co, a London-based private equity firm, took over Tumi for $276 million. The takeover came with a price drop in their products and a change in warranty from their famed lifetime warranty to 5 years. However, beyond the 5 years, the brand does still offer its customers a lifetime service and repair warranty, with possible assessed fees and costs.[citation needed]

Jerome Griffith became the CEO of Tumi, Inc. in 2009.[9]

On April 19, 2012, Tumi made an initial public offering of 18,779,865 shares, as Tumi Holdings, Inc. (NYSE: TUMI).[10] In December 2013, Joseph R. Gromek was named Chairman of Board of Directors.[11]

Tumi store in Westfield Topanga & The Village

On March 4, 2016, Samsonite announced it would acquire Tumi in an all-cash transaction worth $1.8 billion.[12]

In November 2019, McLaren announced a partnership agreement with Tumi as the official luggage partner for McLaren Racing and McLaren Automotive.[13]

Website

[edit]
Region Country Domain name Since
Oceania Australia tumi.com.au July 2010
Asia Malaysia tumi .my July 2010
Singapore tumi .sg March 1997

References

[edit]
  1. ^ "Tumi, Inc". Google Finance. 2009. Retrieved 2009-03-28.
  2. ^ "Tumi, Inc". Hoover's. 2009. Retrieved 2009-03-28.
  3. ^ "How I Did It: Tumi's Charlie Clifford". Inc Magazine. May 2011.
  4. ^ "Tumi: Luxury Luggage, and a Lot More". Business Week. 2007-01-24. Archived from the original on February 8, 2007. Retrieved 2009-03-28.
  5. ^ "The high season for luggage and briefcases kicks off". The Panama Post. 2008-12-29. Retrieved 2009-03-28.
  6. ^ "Tumi Time: PowerPack Backpack". Business Week. 2007-01-24. Archived from the original on March 8, 2012. Retrieved 2009-03-28.
  7. ^ "Tumi Time: Tumi+Ducati Collection". Business Week. 2007-01-24. Archived from the original on March 8, 2012. Retrieved 2009-03-28.
  8. ^ Higgins, Michelle (2005-09-04). "So, Which Bag Did You Say Was Yours?". The New York Times. Retrieved 2009-03-28.
  9. ^ "Jerome Griffith, President and CEO of Tumi". yahoo.com.
  10. ^ "TUMI HOLDINGS, INC. (TUMI) IPO". NASDAQ.com. Retrieved 31 July 2018.
  11. ^ Young, Vicki M. (9 December 2013). "Joseph R. Gromek Named Tumi Chairman". WWD. Retrieved 10 December 2013.
  12. ^ "Samsonite to acquire Tumi for US$26.75 per share to create a leading global travel lifestyle comopany" (PDF). Samsonite.com.
  13. ^ "McLaren Racing - McLaren announces TUMI as official luggage partner". www.mclaren.com. 2019-11-26.
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