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Tumi announces distribution plans for India with The Murjani Group

Mumbai, March 9, 2006 - Tumi, the leading international brand of prestige travel, business and lifestyle accessories is pleased to announce that it has entered into an exclusive, long term agreement with The Murjani Group to market and retail its products in India.

The agreement with Murjani will lead to the opening of at least eight free standing Tumi stores in India by 2010, with the first store opening by the end of 2006 in either Delhi or Mumbai.

The launch of the brand in India is in line with Tumi's corporate strategy of global retail expansion. In 2005, Tumi brought its number of free standing stores to over 50, with new locations in Houston and Hawaii in the US, and Frankfurt, Germany in Europe. Tumi's most recent store opening was in the Omotesando district of Tokyo earlier this month.

Laurence Franklin, CEO of Tumi stated, "Mohan Murjani and his organization, with over 35 years of international brand experience, understand the opportunity for Tumi in the local market and have a great appreciation for luxury brands. We are confident that this initiative will become a mutually successful and gratifying long term venture."

Mohan Murjani, Chairman of the Murjani Group, concurs, "We are very excited about our relationship with the world's leading prestige accessories brand whose great quality and design, will no doubt, be highly appreciated by our discerning Indian consumers."

Tumi, based in South Plainfield, New Jersey, was founded in 1975 and has become the premier international brand of travel and business accessories. Tumi is committed to excellence in design and innovation and has a dedicated following among international thought leaders, executives and celebrities. Tumi products are sold worldwide in leading department stores, specialty shops, travel retail locations, Tumi freestanding stores and at www.tumi.com.

The Murjani Group, founded in 1930, is the only Indian family in the world to have developed and launched major international Designer brands such as Gloria Vanderbilt and Tommy Hilfiger. In 2004, Murjani launched the first International Designer Lifestyle Brand in India - Tommy Hilfiger. Murjani also represents several major international designer/luxury brands, including Gucci and Jimmy Choo. Today, the Murjani Brands account for annual retail sales in excess of $5 billion.

For more information please contact :
Murjani Group
contact@murjanigroup.com

 
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