Timbuk2 Explained

Timbuk2
Former Name:Scumbags
Foundation:San Francisco, California
Founder:Rob Honeycutt
Location City:San Francisco, California
Location Country:United States of America
Key People:Patti Cazzato, CEO[1]
Products:Messenger bags, Backpacks, Travel bags, Accessories

Timbuk2 is a San Francisco-based bag manufacturer and marketer. The company produces a variety of pre-made and made-to-order bags.

History

Timbuk2 was founded in 1989 by bike messenger Rob Honeycutt in a garage in San Francisco's Mission District.[2] [3] Honeycutt was fascinated by "just in time" manufacturing and studied the Toyota manufacturing model which led him to develop a bag pattern that was able to accommodate custom orders from independent bike dealers in San Francisco. The company was originally named Scumbags; Honeycutt changed the name to Timbuk2 Designs in 1990.[4] The name Timbuk2 was inspired in part by the American rock band Timbuk3 and the company's swirl logo was designed by Honeycutt and is meant to mimic the rotation of a bike wheel.[5] While its product line has since expanded beyond custom bags, Timbuk2 has continually designed all its custom products in San Francisco's Mission neighborhood since 1989. Manufacturing is no longer taking place in San Francisco. [6] Non-custom products are manufactured in China, Vietnam, and Indonesia.[7]

The company launched its flagship retail store in Hayes Valley, San Francisco in 2006.[8] In 2011, Timbuk2 launched a bicycle share program in its retail stores.[9] In 2013, the Timbuk2 opened a retail location in Seattle, Washington.[10] That same year, the company incorporated recycled Bike to Work banners into messenger bags and donated a portion of the profits to the San Francisco Bicycle Coalition.[11] Patti Cazzato was appointed to the role of CEO in July 2014.[12] That same year, the company encouraged bag owners to reuse and recycle their bags through its Timbuk2 Life Cycle program.[6]

Timbuk2 also added retail locations in Chicago, Denver, Los Angeles and Toronto in 2014.[8] [13] That same year, Timbuk2 collaborated with Blue Bottle Coffee Company to release a coffee travel kit.[14] As well, the company was ranked as the second largest manufacturer in San Francisco by the San Francisco Business Times.[15]

In July 2016, the company collaborated with the footwear company New Balance to release specially branded products.[16] [17] The company opened a flagship store in NoHo, Manhattan in October 2016.[18] In June 2017, the company opened an additional location in Brooklyn.[19] As of 2023, the Manhattan and Brooklyn locations are no longer open.[20]

Ownership

The company was sold to a venture capital firm in 2005. In 2006 it sold to private equity group TB2 Investors, which owned it until 2019. In August 2019 it was sold to Exemplis, a Los Angeles-based furniture company.[21] [22]

Notes and References

  1. http://www.snewsnet.com/press-release/timbuk2-appoints-patti-cazzato-as-chief-executive-officer "Timbuk2 Appoints Patti Cazzato as Chief Executive Officer"
  2. News: Facing economic reality . 2004-11-09 . San Francisco Chronicle . Pia . Sarkar . 2008-01-26.
  3. Web site: On Resilience: How Hitting Entrepreneurial Rock Bottom Gave Timbuk2's CEO New Life. Forbes. Ally Bogard. Allie Hoffman. January 10, 2017. August 6, 2017.
  4. Web site: How The Timbuk2 brand Went From Basement to Famous. Entrepreneur. Melanie. Spring. January 30, 2014. August 6, 2017.
  5. http://www.timbuk2.com/content/meettimbuk2.html "Meet Timbuk2"
  6. Web site: How This Female CEO Has Made Environmental Impact A Priority in Her Career. Forbes. MeiMei. Fox. March 16, 2017. August 6, 2017.
  7. http://www.timbuk2.com/content/about-manufacturing.html "Timbuk2 About Manufacturing"
  8. Web site: San Francisco Bag Company Timbuk2 Breaks Ground on Portland Store. Portland Business Journal. Alli. Pyrah. September 2, 2014. August 6, 2017.
  9. http://www.timbuk2.com/content/bikeshare.html "Bikeshare"
  10. Web site: New Store News: Timbuk2. Seattle Magazine. April 18, 2013. August 6, 2017.
  11. Web site: Timbuk2 Recycles Old Bike To Work Banners Into Ltd Edition Messenger Bags. Bikerumor.com. Tyler. Benedict. May 3, 2011. August 6, 2017.
  12. Web site: New Timbuk2 CEO Patti Cazzato On Her Next Chapter. Fortune. Brittany. Shoot. July 14, 2014. August 6, 2017.
  13. Web site: For Chic Cyclists, San Francisco's Timbuk2 opens on Venice Beach. Los Angeles Times. Leigh-Ann. Jackson. August 21, 2014. August 6, 2017.
  14. Web site: The Portable Blue Bottle. The New York Times Style Magazine. Bao. Ong. October 14, 2014. August 6, 2017.
  15. Web site: Top 25 San Francisco Manufacturers. San Francisco Business Times. Ahavah. Revis. August 15, 2014. August 6, 2017.
  16. Web site: New Balance & Timbuk2 Collaborate On Cycling Collection. Footwear News. Zameena. Mejia. July 15, 2016. August 6, 2017.
  17. Web site: Timbuk2 and New Balance Join Forces to Ensure Your Bag Matches Your Biking Shoes. Fast Company. July 13, 2016. August 6, 2017.
  18. Web site: Biker Bag Brand 'Timbuk2' Announces New NoHo Flagship Store. BoweryBoogie. September 21, 2016. August 6, 2017. dead. https://web.archive.org/web/20220812062826/https://boweryboogie.com/2016/09/biker-bag-brand-timbuk2-announces-new-noho-flagship-store/. August 12, 2022.
  19. Web site: Timbuk2 to Open Flagship Store in Brooklyn. SGB Media. June 21, 2017. August 6, 2017.
  20. Web site: Timbuk2 Retail Store Locations. Timbuk2. March 15, 2023.
  21. News: Narayan . Shwanika . 2019-08-14 . San Francisco bag maker Timbuk2 sold to furniture company . 2024-08-08 . San Francisco Chronicle.
  22. Web site: Lee . Adriana . 2019-08-15 . Bag Brand Timbuk2 Now Belongs to … a Furniture Maker? . 2024-08-08 . WWD . en-US.