May 04, 2016 2:39 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



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: $480.9K
Senior Vice President of Product Development, Manufacturing and Sourcing
Age: 59
Total Annual Compensation: $454.8K
Executive Vice President, General Counsel and Secretary
Age: 47
Total Annual Compensation: $408.0K
Chief Accounting Officer and Senior Vice President of Finance
Age: 45
Total Annual Compensation: $284.2K
Compensation as of Fiscal Year 2015.

Tumi Holdings, Inc. Key Developments

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.

Samsonite International S.A., Tumi Holdings, Inc. - M&A Call

To acquire Tumi Holdings for $26.75 per share in an all cash transaction, valuing Tumi at an equity value of $1.8 billion

Samsonite Is Reportedly Near A Deal To Buy Tumi Holdings

Samsonite International S.A. (SEHK:1910) is nearing a deal to buy Tumi Holdings, Inc. (NYSE:TUMI), according to people familiar with the matter. Exact terms of a deal couldn’t be learned, but with a typical premium and given its market value of $1.4 billion, the takeover could value Tumi at close to $2 billion. A deal could be announced as soon as this week, the people said.

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