// Workers AI · dad joke modeWhat did the Timex Group watch say? Time to meet.
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| 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 |
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
[edit]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
[edit]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
[edit]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.
References
[edit]- ↑ "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
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