Timbuk2's CEO named by mag as top biz leader

Fast Company magazine has picked Mark Dwight as one of its 'Fast 50 for 2005' business leaders in the US magazine's fourth annual review of the "leaders to watch for in business." Many Timbuk2 courier bags are still sewn by hand in San Francisco, with the new lines - such as top-selling iPod bags - made in China.
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Timbuk2 and Dwight are featured in the section: “Reinventions: Charting a new course for their businesses and industries through innovation.”

“When Mark Dwight purchased Timbuk2 in late 2002, its main asset was its cult brand. People loved both the merchandise and the company's story (it was founded by a bike messenger in 1989 and used local San Francisco labor to fashion its sole product -- a messenger bag). Despite about $4 million in sales, however, Timbuk2 was broke," said the magazine piece.

"Dwight maintained local manufacturing for the flagship product, but in his expansion drive, some of the 30 new items, such as yoga bags and duffels, are made overseas. That compromise has turned Timbuk2 around, with one of the best-selling computer bags at Apple's retail stores. It hit $10 million in sales and turned a profit in 2004.”


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