Tumi Holdings, Inc. , is a high-end luggage and bag manufacturer in South Plainfield, New Jersey, for traveling. Founded in 1975 by Charlie Clifford after serving at the Peace Corps in Peru, the company was named after a Peruvian ceremonial knife used for sacrifice. Tumi, Inc. is Doughty Hanson & amp; Co. from 2004 to after the initial public offering of 2012.
Tumi products are known for their black ballistic nylon. Tumi is available at department stores and specialty stores as well as over 120 Tumi stores and 200 stores in stores around the world.
Tumi also supplies accessories such as belts, pens, and electronic equipment. The company collaborated with designer Anish Kapoor in 2006 to manufacture a PowerPack Backpack that incorporates solar technology for charging telephones and PDAs. The company also has a license agreement with Italian motorcycle manufacturer, Ducati, launched a collection of eight shared brands in 2006 which are sold through both retail outlets of the brand.
Tumi places a metal plate with a unique 20-digit registration number in each bag. Customers can sign up for the Tumi Tracer program to have their contact information entered into a central database so they can be reunited with their bags if found.
In 2004, Doughty Hanson & amp; Co., a private equity firm based in London, took over Tumi for $ 276 million. Takeovers come with price reductions in their products and a change in warranty from their lifetime renowned warrant for 5 years. Tumi has since failed to honor customers who pay significantly higher rates for a lifetime warranty prior to 2004.
Jerome Griffith became CEO of Tumi Inc. in 2009.
On April 19, 2012, Tumi made an initial public offering of 18,779,865 shares, such as Tumi Holdings, Inc. (NYSE: TUMI). In December 2013, Joseph R. Gromek was appointed Chairman of the Board of Directors.
On March 4, 2016, Samsonite announced it would acquire Tumi in an all-cash transaction worth US $ 1.8 billion
Video Tumi Inc.
References
Maps Tumi Inc.
External links
- Tumi's corporate website
- How I Do It: Tumi Charlie Clifford (Magazine Inc, May 2011)
Source of the article : Wikipedia
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