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 Philippines, Hong Kong, China, France, India and Switzerland, often based on technology that continues to be developed in the United States and in Germany. 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