Timex Group is a topic that has captured the attention of many people in recent years. Since its emergence, it has generated debates, controversies and endless research that seeks to understand and analyze its different aspects. In this article, we will explore Timex Group in depth, from its origins to its impact on today's society. We will analyze the different angles from which this topic can be approached, as well as its implications in various fields, such as politics, economics, culture and technology. In addition, we will focus on the opinions and perspectives of experts in the field, with the aim of offering a complete and enriching vision of Timex Group. Without a doubt, this is a fascinating topic that leaves no one indifferent, and that deserves detailed and careful reflection.
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.