Timex Group
| 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.,[1] TMX Philippines, Inc., and Timex Group India Ltd.
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 and the United States.[citation needed ] The group has operations in a number of countries in Europe, the Americas, Asia and Oceania.
Name
[edit ]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 .[2]
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
- 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
[edit ]- ^ Staff – JCK Online (2005年01月01日). "'...and keeps on ticking'". JCKonline. Archived from the original on 2010年05月21日. Retrieved 2010年05月06日.
- ^ Shawn Tully (March 7, 2015). "The crazy, true-life adventures of Norway's most radical billionaire". Fortune magazine.
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.