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Tumi Holdings, Inc., is a manufacturer of high-end 
On March 4, 2016,
Tumi company website
at Tumi.com Companies based in Middlesex County, New Jersey Manufacturing companies based in New Jersey Companies formerly listed on the New York Stock Exchange Manufacturing companies established in 1975 Luggage brands Samsonite South Plainfield, New Jersey 2012 initial public offerings 2004 mergers and acquisitions 2016 mergers and acquisitions American subsidiaries of foreign companies
Tumi Holdings, Inc., is a manufacturer of high-end suitcase
A suitcase is a form of baggage. It is a rectangular container with a handle and is typically used to carry one's clothes and other belongings while traveling. The first suitcases appeared in the late 19th century due to the increased popular ...
s and bags for travel based in Edison, New Jersey
Edison is a Township (New Jersey), township located in Middlesex County, New Jersey, Middlesex County, in the U.S. state of New Jersey. Situated in Central Jersey, Central New Jersey within the core of the state's Raritan River, Raritan Valley r ...
. Founded in 1975 by Charlie Clifford after a stint in the Peace Corps
The Peace Corps is an Independent agency of the U.S. government, independent agency and program of the United States government that trains and deploys volunteers to communities in partner countries around the world. It was established in Marc ...
in Peru
Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pac ...
, the company is named after a Peruvian tumi ceremonial knife used for sacrifices. Tumi, Inc. was a unit of Doughty Hanson & Co. from 2004 until after its 2012 initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
.
Tumi's products are known for their black-on-black ballistic nylon. Tumi is available at select department store
A department store is a retail establishment offering a wide range of consumer goods in different areas of the store under one roof, each area ("department") specializing in a product category. In modern major cities, the department store mad ...
s and specialty stores, as well as over 120 Tumi stores and 200 shops around the world.
Tumi also supplies accessories such as belts, pens
PEN may refer to:
* (National Ecological Party), former name of the Brazilian political party Patriota (PATRI)
*PEN International, a worldwide association of writers
**English PEN, the founding centre of PEN International
**PEN America, located in ...
, 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. The company also had a licensing agreement with the Italian motorcycle manufacturer Ducati
Ducati Motor Holding S.p.A () is an Italian motorcycle manufacturing company headquartered in Bologna, Italy.
History
Barely a month after the official liberation of Italy in 1944, SIATA announced its intention to sell this engine, called ...
to launch a collection of eight co-branded pieces in 2006, sold through both of the brands' retail outlets.
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.
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.
Jerome Griffith became the CEO of Tumi, Inc. in 2009.
On April 19, 2012, Tumi made an initial public offering of 18,779,865 shares, as Tumi Holdings, Inc. (NYSE: TUMI). In December 2013, Joseph R. Gromek was named Chairman of Board of Directors.
On March 4, 2016, Samsonite
Samsonite International S.A. is an American Baggage, luggage manufacturer and retailer, with products ranging from large suitcases to small toiletries bags and briefcases. The company was founded in 1910 in Denver, Colorado, Denver, Colorado, U ...
announced it would acquire Tumi in an all-cash transaction worth $1.8 billion.
In November 2019, McLaren
McLaren Racing Limited ( ) is a British auto racing, motor racing team based at the McLaren Technology Centre in Woking, Surrey, England. The team is a subsidiary of the McLaren Group, which owns a majority of the team. McLaren is best known a ...
announced a partnership agreement with Tumi as the official luggage partner for McLaren Racing and McLaren Automotive
McLaren Automotive ( ; formerly known as McLaren Cars) is a British luxury Automotive industry, automotive Manufacturing, manufacturer based at the McLaren Technology Centre in Woking, England. The main products of the company are sports cars, ...
.
Website
References
{{Commons category, Tumi Holdings, Inc.Tumi company website
at Tumi.com Companies based in Middlesex County, New Jersey Manufacturing companies based in New Jersey Companies formerly listed on the New York Stock Exchange Manufacturing companies established in 1975 Luggage brands Samsonite South Plainfield, New Jersey 2012 initial public offerings 2004 mergers and acquisitions 2016 mergers and acquisitions American subsidiaries of foreign companies