July 25, 2016 10:04 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Tumi Holdings, Inc.

Company Overview

Tumi Holdings, Inc. designs, produces, and markets various travel and business products, and accessories. It operates through 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 wheel products, such as satchels, garment bags, boarding totes, and cross-body bags; and soft business cases that include wheeled business cases, backpacks, messenger bags, day bags, and totes. It also offers accessories comprising wallets and card cases; agendas and planners; passport cases; mobile covers; umbrellas; and travel accessories, su...

1001 Durham Avenue

South Plainfield, NJ 07080

United States

Founded in 1975

1,577 Employees

Phone:

908-756-4400

Key Executives for Tumi Holdings, Inc.

Chief Executive Officer, President and Director
Age: 58
Total Annual Compensation: $885.0K
Chief Financial Officer, Executive Vice President and Director
Age: 67
Total Annual Compensation: $480.9K
Senior Vice President of Product Development, Manufacturing & Sourcing
Age: 60
Total Annual Compensation: $454.8K
Executive Vice President, General Counsel and Secretary
Age: 48
Total Annual Compensation: $408.0K
Chief Accounting Officer and Senior Vice President of Finance
Age: 46
Total Annual Compensation: $284.2K
Compensation as of Fiscal Year 2015.

Tumi Holdings, Inc. Key Developments

Tumi Holdings, Inc., Special/Extraordinary Shareholders Meeting, Jul 12, 2016

Tumi Holdings, Inc., Special/Extraordinary Shareholders Meeting, Jul 12, 2016. Agenda: To approve the agreement and plan of Merger with Samsonite International S.A.

Tumi Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 27, 2016

Tumi Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 27, 2016. For the quarter, the company's net sales were $118,342,000 against $110,461,000 a year ago. Operating income was $7,761,000 against $9,563,000 a year ago. Income before income taxes was $10,761,000 against $9,806,000 a year ago. Net income was $7,903,000 or $0.12 basic and diluted per share against $6,374,000 or $0.09 basic and diluted per share a year ago. Adjusted operating income was $10.4 million against $12.1 million a year ago. Adjusted operating income on a constant currency basis was $10.8 million against $12.1 million a year ago. Adjusted net income was $6.5 million or $0.10 diluted per share against $8 million or $0.12 diluted per share a year ago. Adjusted net income on a constant currency basis was $6.7 million or $0.10 diluted per share against $8.0 million or $0.12 diluted per share a year ago.

Tumi to Open an Outlet Store at Pleasant Prairie Premium Outlets At the End of April 2016

Tumi will open an outlet store at Pleasant Prairie Premium Outlets at the end of April 2016. The new store, which will feature items discounted at 25% to 65% off, will open April 28 in a 2,100-square-foot space next to The Company Store and Le Creuset.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 3, 2016
--
Buyback
November 4, 2015
--
Merger/Acquisition
November 4, 2015
Tumi Japan
 

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