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October 04, 2015 6:14 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Tumi Holdings, Inc.

Company Overview

Tumi Holdings, Inc. designs, produces, and markets a range of travel and business products, and accessories. It operates in four segments: Direct-to-Consumer North America; Direct-to-Consumer International; Indirect-to-Consumer North America; and Indirect-to-Consumer International. The company provides wheeled travel products and soft styles without wheels comprising satchels, garment bags, boarding totes, and cross-body bags; and business cases, including wheeled business cases, backpacks, messenger bags, day bags, and totes. It also offers accessories comprising agendas and planners, passport cases, mobile covers, umbrellas, and travel accessories, such as electric current adapters, key fo...

1001 Durham Avenue

South Plainfield, NJ 07080

United States

Founded in 1975

1,484 Employees



Key Executives for Tumi Holdings, Inc.

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $885.0K
Chief Financial Officer, Executive Vice President and Director
Age: 66
Total Annual Compensation: $466.9K
Senior Vice President of Product Development, Manufacturing and Sourcing
Age: 59
Total Annual Compensation: $441.5K
Executive Vice President, General Counsel and Secretary
Age: 47
Total Annual Compensation: $396.0K
Compensation as of Fiscal Year 2014.

Tumi Holdings, Inc. Key Developments

TUMI Holdings, Inc. Announces Launch of Global Locator

TUMI Holdings, Inc. announced its collaboration with AT&T1 and LugTrack to launch the “TUMI Global Locator,” a new wireless tracking device designed to provide travelers with real-time data regarding the location of their luggage or other travel bags, helping to alleviate the headaches of lost or misplaced items. With a sleek design and the ability to track any bag, briefcase, backpack, luggage, or accessory, the TUMI Global Locator is a wireless and compact device which uses GPS, GSM, WIFI and Bluetooth technology to provide specific location positioning information via a mobile application to users around the world. The device is FAA compliant, with the capability to shut itself off in-flight and turn itself back on upon landing, maintaining observance with major airline regulator policies. The TUMI Global Locator device and mobile application are planned for commercial release in the fourth quarter of 2015 and will be sold at TUMI collection stores and on TUMI’s website.

Tumi Holdings, Inc. Announces Resignation of Adam Levy as President of Retail, Effective September 3, 2015

On August 20, 2015, Adam Levy notified Tumi Holdings, Inc. of his resignation as President, Retail of the company, and any and all positions held by him at the company's subsidiaries, effective September 3, 2015.

Tumi Holdings to Open 20 to 22 New Stores for 2015

Tumi Holdings, Inc. is expecting to open between 20 to 22 new stores for 2015.

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