In today's world, Timex Group is a topic that generates great interest and impact on society. Since its origin, Timex Group has been the subject of debate, research and development, with multiple perspectives and approaches. Throughout history, Timex Group has played a fundamental role in people's lives, influencing the way they think, act and relate to their environment. In this article, we will explore different aspects of Timex Group, analyzing its implications in various fields, from science and technology to culture and art. Additionally, we will examine how Timex Group has evolved over time, adapting to social and economic changes.
Company type | Privately Held |
---|---|
Industry | Watch manufacturing, Luxury Goods |
Headquarters | Middlebury, Connecticut, U.S.; Hoofddorp, Netherlands[citation needed] |
Number of employees | 5,000+ |
Website | timexgroup |
Timex Group B.V., or Timex Group, is an American - Dutch holding company headquartered in Hoofddorp, the Netherlands and Middlebury, Connecticut.[citation needed] It is the corporate parent of several global watchmaking companies including Timex Group USA, Inc., TMX Philippines, Inc., and Timex Group India Ltd.
The Timex Group itself was privately held by the Norwegian holding group Fred. Olsen & Co. The private equity company Baupost Group purchased majority control in 2020. The private company releases no data on its sales or production. Businesses and exclusive worldwide licenses include the Timex Business Unit (Timex, Timex Ironman, Opex, Nautica), Timex Group Luxury Watches (Valentino, Salvatore Ferragamo), Sequel (Guess, Gc), Vertime (Versace, Versus) and Giorgio Galli Design Lab.
Timex Group B.V.'s products are manufactured in the Philippines, Hong Kong, China, France, India and Switzerland, often based on technology that continues to be developed in the United States and in Germany.[citation needed] The group has operations in a number of countries in Europe, the Americas, Asia and Oceania.
Shortly after purchasing the Waterbury Clock Company in 1941, founder Thomas Olsen renamed the company Timex, as a portmanteau of Time (referring to Time magazine) and Kleenex.
Timex Business Unit, A division of Timex Group USA, Inc.
Sequel AG
Vertime SA
Timex Group Luxury Watches
Giorgio Galli Design Lab (Design studio, acquired 2007) Galli designs watches for:
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.