Luggage brand Tumi completes purchase of its Japanese business
Tumi Holdings, the leading global brand of premium travel and lifestyle products and accessories, has completed the acquisition of the remaining 50% stake in its Japanese arm, Tumi Japan, it announced on Thursday.
Jerome Griffith, CEO and President of Tumi, said: “This acquisition further strengthens Tumi’s position within the Japanese and Asia Pacific region. We have been pleased with the strong acceptance of our brand among Japanese consumers and remain excited about the long-term growth prospects of this region.”
Tumi Japan operates a network of 13 Tumi stores and an e-commerce website, and distributes Tumi product across an additional 150 points of sale in Japan. The brand, which was founded in 1975, sells its business, accessories and travel products in over 1,900 points of sale worldwide, as well as in some of the world’s most exclusive department stores and in specialty retail stores.
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