Timex Group

Timex Group B.V.
	Timex Group Logo
Company type	Privately held
Industry	Watch manufacturing, luxury goods
Headquarters	Middlebury, Connecticut, U.S.; Hoofddorp, Netherlands
Owners	Baupost Group
Number of employees	5,000+
Website	timexgroup.com

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

Timex Group Luxury Watches

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 and the United States.^{[citation needed]} The group has operations in a number of countries in Europe, the Americas, Asia and Oceania.

References

^ "Timex keeps on ticking with new headquarters". TheMiddletownPress. 2001-07-22.
^ "Timex keeps on ticking with new headquarters". TheMiddletownPress. 2001-07-22.
^ Staff – JCK Online (2005-01-01). "'...and keeps on ticking'". JCKonline. Archived from the original on 2010-05-21. Retrieved 2010-05-06.
^ "Baupost to acquire watch maker Timex Global". PEHub. 2020-11-23.
^ Shawn Tully (March 7, 2015). "The crazy, true-life adventures of Norway's most radical billionaire". Fortune. 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.'

External links

[1] "Timex keeps on ticking with new headquarters". TheMiddletownPress. 2001-07-22.

[2] "Timex keeps on ticking with new headquarters". TheMiddletownPress. 2001-07-22.

[JCK20050101-3] Staff – JCK Online (2005-01-01). "'...and keeps on ticking'". JCKonline. Archived from the original on 2010-05-21. Retrieved 2010-05-06.

[4] "Baupost to acquire watch maker Timex Global". PEHub. 2020-11-23.

[kleenex-5] Shawn Tully (March 7, 2015). "The crazy, true-life adventures of Norway's most radical billionaire". Fortune. 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.'

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