Timex Group
American-Dutch holding company
From Wikipedia, the free encyclopedia
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]
 | |
| Company type | Privately held |
|---|---|
| Industry | Watch manufacturing, luxury goods |
| Headquarters | Middlebury, Connecticut, U.S.; Hoofddorp, Netherlands[1] |
| Owners | Baupost Group |
Number of employees | 5,000+ |
| Website | timexgroup |
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
- 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.[citation needed] The group has operations in a number of countries in Europe, the Americas, Asia and Oceania.