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Timex Group

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.

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Timex Group B.V.
Company typePrivately held
IndustryWatch manufacturing, luxury goods
HeadquartersMiddlebury, Connecticut, U.S.; Hoofddorp, Netherlands[1]
OwnersBaupost Group
Number of employees
5,000+
Websitetimexgroup.com Edit this at Wikidata

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.

Sequel AG

Vertime SA

Timex Group Luxury Watches

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

  1. ^ "Timex keeps on ticking with new headquarters". TheMiddletownPress. 2001-07-22.
  2. ^ "Timex keeps on ticking with new headquarters". TheMiddletownPress. 2001-07-22.
  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.
  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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