Timex Group Explained

Timex Group B.V., or Timex Group, is an American–Dutch holding company headquartered in Hoofddorp, the Netherlands and Middlebury, Connecticut.^[2] It is the corporate parent of several global watchmaking companies including Timex Group USA, Inc.,^[3] TMX Philippines, Inc., and Timex Group India Ltd. In 2020, the Boston-based investment firm Baupost Group took ownership of Timex Group.^[4]

Name

Shortly after purchasing the Waterbury Clock Company in 1941, Norwegian founder Thomas Olsen renamed the company Timex, as a portmanteau of Time (referring to Time magazine) and Kleenex.^[5]

Companies and brands

Timex Business Unit, a division of Timex Group USA, Inc.

• Timex
• Opex
• Nautica
• TX Watch Company (2006–2011)

Sequel AG

• Guess
• Gc

Vertime SA

• Versace
• Versus

Timex Group Luxury Watches

• Philipp Plein
• Salvatore Ferragamo Timepieces
• Valentino Timeless—no longer licensed
• Vincent Bérard (2006–2010)

Giorgio Galli Design Lab (Design studio, acquired 2007) Galli designs watches for:

• Timex
• Nautica
• Salvatore Ferragamo
• Versace
• Versus

Production

Timex Group B.V.'s products are manufactured in China, France, Hong Kong, India, Philippines and Switzerland, often based on technology that continues to be developed in Germany, Japan and the United States. The group has operations in a number of countries in Europe, the Americas, Asia and Oceania.

External links

• • Timex brand website

Notes and References

1. Web site: Timex keeps on ticking with new headquarters. 2001-07-22 . TheMiddletownPress.
2. Web site: Timex keeps on ticking with new headquarters. 2001-07-22 . TheMiddletownPress.
3. Web site: '...and keeps on ticking' . Staff – JCK Online . 2005-01-01 . JCKonline . 2010-05-06 . dead . https://web.archive.org/web/20100521143521/http://www.jckonline.com/article/284700-_and_keeps_on_ticking_.php . 2010-05-21 .
4. Web site: Baupost to acquire watch maker Timex Global. 2020-11-23 . PEHub.
5. Web site: Shawn Tully . Shawn Tully . March 7, 2015 . The crazy, true-life adventures of Norway's most radical billionaire . . A few years later Thomas Olsen would rechristen the company Timex. He hatched the iconic name from an unusual confluence of sources. Recalls Fred: 'My father always loved to noodle with words. He liked to read Time magazine, and he used a lot of Kleenex, so he put the two names together and got Timex.'.