European Firm Will Acquire Tumi

Share this content:
A European private equity firm announced plans this month to acquire high-end luggage firm Tumi Inc. for $276 million.


Tumi, New York, targets professionals and frequent travelers who are brand-conscious and value style, performance and quality. In addition to a Tumi catalog, Tumi has 23 U.S. stores plus flagship locations in Paris and Tokyo. The brand also has a presence in department and specialty stores in more than 40 countries and online at tumi.com.


Doughty Hanson & Co. will acquire a majority stake in Tumi from U.S. private equity firm Oaktree Capital Management, Los Angeles. The deal is expected to close in November.


"Tumi is a high-quality brand with strong growth and earnings potential," said Janka Vazanova, a principal at Doughty Hanson. "We look forward to working with Tumi's excellent management to develop the business further through direct retail presence in the U.S., Europe and the Far East, where there is potential for greater brand penetration."


Loading links....
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa Data offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

DMN's Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here