NEW YORK — Tumi Holdings Inc., appears to be the latest beneficiary of the Michael Kors Effect.
Tumi went public on the New York Stock Exchange Thursday and shares of the upscale luggage and accessories firm climbed 61.7 percent to $29.10 in intraday trading before closing at $26.50, still a 47.2 percent jump from the opening price of $18 a share.
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