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."


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences and drive measurable results. PAN services clients out of the firm's four offices: Boston, San Francisco, New York City and Orlando.

Find out more here »

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

Relive the 2017 Marketing Hall of Femme

Click the image above