Timex Group

Last updated
Timex Group B.V.
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.com OOjs UI icon edit-ltr-progressive.svg

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.

Contents

Production

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

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

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:

References

  1. ↑ Staff – JCK Online (2005-01-01). "'...and keeps on ticking'". JCKonline. Archived from the original on 2010-05-21. Retrieved 2010-05-06.
  2. ↑ 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.
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