• Source: Timex Group

Timex Group B.V., or Timex Group, is an American - Dutch holding company headquartered in Hoofddorp, the Netherlands and Middlebury, Connecticut. It is the corporate parent of several global watchmaking companies including Timex Group USA, Inc., TMX Philippines, Inc., and Timex Group India Ltd.




Corporate structure


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.




Production


Timex Group B.V.'s products are manufactured in the China, France, Hong Kong, India, Philippines and Switzerland, often based on technology that continues to be developed in Germany and the United States. The group has operations in a number of countries in Europe, the Americas, Asia and Oceania.




Name


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.




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

Versace
Versus
Timex Group Luxury Watches

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
Versace
Versus
Salvatore Ferragamo




References






External links


Official website
Timex brand website

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