How much did Samsonite pay for Tumi?

Samsonite to buy Tumi for $1.8 billion as it expands premium luggage offerings. 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 in the luxury market.



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Samsonite has zipped up a deal to acquire luxury rival Tumi for around $1.8 billion, in what will be the largest acquisition for Samsonite since its initial public offer in 2011.

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Samsonite vs Tumi: Brands So like we said, Samsonite bought out Tumi back in 2016, but they're still recognised as individual brands in their own right. Samsonite is still one of the most popular luggage brands, especially amongst frequent flyers and is probably the leading luggage company for polypropylene suitcases.

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Tumi. Plenty of jetsetters are also set on luggage from Tumi, with famous fans including Cindy Crawford, Hailey Bieber and Alexander Skarsgård — the latter of whom once starred in a five-minute-long ad for the brand.

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Among frequent travelers, Tumi is considered the crème de la crème of luggage. Although the brand's price points place it squarely in the luxury category, it has a reputation for being high-quality, durable, and stylish.

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Exceptional quality and unparalleled durability are paramount to every piece TUMI creates, including those made with recycled materials. Our recycled collections use fabric made from post-consumer recycled plastic bottles as well as recycled nylon. If something goes awry, we'll fix it. If it breaks, we'll repair it.

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In 1993, American Tourister was acquired by Astrum International, which also owns Samsonite. Astrum was renamed as the Samsonite Corporation two years later. Their products include backpacks, suitcases and wallets. Today, the American Tourister brand is sold as a more affordable brand in the Samsonite portfolio.

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John Pound, John Pound and CO, The oldest luggage brand in the world, 1823, London, | Luggage brands, Old luggage, Leather.

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Tumi Holdings Inc (Tumi) is a lifestyle company, predominantly selling travel and business products and accessories. It is a US based company, established in 1975 and with its headquarters in the state of New Jersey.

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In the USA Tumi can be the cheapest, however often with models that are not very attractive (meaning I don't want to buy). I am not sure if it is overpriced/overrated- I fly every week and even with a few adventurous stories thrown in my luggage seems to hold up quite well. If the bags are made in Thailand- good!

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