(NYSE: TUMI). In December 2013, Joseph R. Gromek was named Chairman of Board of Directors. On March 4, 2016, Samsonite announced it would acquire Tumi in an all-cash transaction worth $1.8 billion.

Yes, Samsonite International S.A. owns and manufactures Tumi. Samsonite acquired Tumi in 2016 for approximately $1.8 billion to gain a foothold in the high-end, premium luggage market. In 2026, Samsonite operates as a massive multi-brand umbrella, managing Tumi alongside other well-known names like American Tourister, Gregory, and Hartmann. While they are owned by the same parent company, the two brands are kept distinct in terms of design, pricing, and target audience. Tumi remains the group’s "luxury" flagship, focusing on high-durability ballistic nylon and professional business aesthetics with price points often exceeding $600. Samsonite serves as the "mid-market" leader, while American Tourister targets the budget-conscious traveler. Despite the shared ownership, Tumi maintains its own dedicated design teams and flagship boutiques to preserve its "prestige" status, while benefiting from Samsonite’s global supply chain and distribution network to reach a broader international audience of affluent travelers.