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Samsonite offers to buy premium luggage group Tumi for $1.8 bln

2016-03-04 04:17:00| Furniture - Topix.net

Samsonite International S.A. said on Friday it would buy Tumi Holdings Inc for $26.75 per share in an all-cash transaction valuing Tumi at $1.8 billion, as the world's biggest luggage group expands into the premium segment. "It will meaningfully expand our presence in the highly attractive premium segment of the global business bags, travel luggage and accessories market," Samsonite Chief Executive Officer Ramesh Tainwala said in a statement.

Tags: group buy offers premium

 

Samsonite bags luxury luggage rival Tumi

2016-03-04 02:45:04| BBC News | Business | UK Edition

The world's biggest luggage maker reaches a takeover agreement with luxury rival Tumi in a $1.8bn (1.3bn) deal.

Tags: bags luxury luggage rival

 
 

The Wall Street Journal: Samsonite close to deal for luxury luggage maker Tumi

2016-03-03 07:15:50| Furniture - Topix.net

Samsonite International SA is nearing a deal to buy luxury luggage maker Tumi Holdings Inc., 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.

Tags: close street journal deal

 

Luggage store Tumi packing its bags for Mall at University Town Center

2014-05-29 04:15:17| Real Estate - Topix.net

The store has committed to the 880,000-square-foot, two-level mall that is being leased by Taubman Centers on Cattlemen Road and University Parkway.

Tags: center store university town

 

US: David Peyser Sportswear inks Tumi Outerwear license

2013-10-16 14:36:05| Daily apparel & textile news and comment - from just-style.com

David Peyser Sportswear has signed a new licensing agreement to develop men's and women's outerwear for the Tumi travel brand.

Tags: david license outerwear inks

 

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