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33 stories in this topic
TUMI, the leading name in premium travel, business and lifestyle accessories, re-opens its Harbour City store in Tsim Sha Tsui to unveil a new store redesign. The recently refurbished 990 square feet space features multiple enhancements including a new…
Samsonite CEO Ramesh Tainwala has resigned with immediate effect “in the best interests of the company” as the fallout from a short-seller report on the company’s reputation and share price continues. Tainwala will be replaced immediately by CFO Kyle…
TUMI, purveyors of premium luggage and travel, business and lifestyle essentials, has opened its third London boutique Calling all fans of luxury travel, TUMI has opened a new boutique in London’s Covent Garden. Visit the store to browse the range of high-end…
Samsonite Asia sales lept 16 per cent last year, a rate slower than the Hong Kong-listed company’s global growth, and predominantly driven by the acquisition of Tumi. The world’s largest travel luggage company achieved global sales of US$3.49 billion, up 23.3…
Travel essentials brand Tumi Hong Kong has opened a boutique store at Elements Mall in Tsim Sha Tsui and unveiled a new look for its IFC outlet in Central. On Hong Kong Island, Samsonite-owned Tumi has introduced its new “Madison Concept” store design,…
Travel, business and lifestyle accessories brand Tumi is offering two travel exclusive ranges on Singapore Airlines flights. Passengers can purchase the Alpha 2 International Expandable 4 Wheeled Carry-On case and a Just In Case Travel Duffel bag onboard the…
A soft Asian market failed to take the gloss off a stellar performance for Hong Kong-listed luggage giant Samsonite International. Buoyed by the addition of the Tumi business it acquired last August, Samsonite sales grew 17.3 per cent to US$2.81 billion in…
The closures of a number of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline. It is old news that the Chinese market is highly competitive and unlike any other market in the…
Branded luggage-maker Samsonite Asia aims to make China its biggest market within five years, pinning its hopes on eCommerce and social media to fuel growth. While sales in China now account for more than 10 per cent of its total revenue, Samsonite CEO Ramesh…
After winning a Korea Airports Corporation (KAC) tender, Lotte Duty Free has officially re-launched at Gimhae airport. The retailer now has 980.44 sqm of space, an increase of 329.2 sqm over its area last year. Lotte Duty Free had a 158.34 sqm presence at the…
Buoyed by its Tumi acquisition, Samsonite sales soared in the last quarter in every market, even in its weakest link, Asia. The world’s largest luggage maker and retailer achieved a net sales boost of 22.8 per cent in the three months to September 30. Its…
Phnom Penh Duty Free is located inside the integrated entertainment destination of Naga City at Naga City Walk which connects Naga World to ‘Naga 2’. It offers approximately 4,000sq m of retail space with all the main DF&TR and luxury categories available:…
Luggage giant Samsonite is to pay US$1.8 billion for US-based Tumi, the luggage and travel accessories brand. In a joint statement, the two companies said they have entered into a definitive agreement whereby Samsonite will acquire Tumi for US$26.75 per share…
US luggage retailer Tumi plans more stores internationally this year after a solid 2015. The company reported a net sales increase of 3.9 per cent to US$547.7 million in the year to December 31, or 6.7 per cent on a constant currency basis. Gross profit…
Indian fashion conglomerate Genesis Luxury Fashion has formed an exclusive partnership to New York design house Coach to introduce it to the Indian market. The first Coach India store will open to coincide with the brand’s 74th anniversary this year. “We are…
Luxury travel goods retailer Tumi has bought out its local Tumi Japan partner to gain full control of its retail and wholesale activities in what is one of the world’s largest luxury markets. Tumi Japan runs a network of 13 stores and an eCommerce website, as…
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