Timex Group
{{Short description|American-Dutch holding company}}
{{Infobox company
| name = Timex Group B.V.
| logo = Image:Timex-Group-Logo.svg
| type = Privately held
| foundation =
| owner =
| location = Middlebury, Connecticut, U.S.; Hoofddorp, Netherlands{{citation needed|date=October 2023}}
| industry = Watch manufacturing, luxury goods
| num_employees = 5,000+
| homepage = {{official URL}}
}}
Timex Group B.V., or Timex Group, is an American - Dutch holding company headquartered in Hoofddorp, the Netherlands and Middlebury, Connecticut.{{citation needed|date=October 2023}} It is the corporate parent of several global watchmaking companies including Timex Group USA, Inc.,{{Cite web |url=http://www.jckonline.com/article/284700-_and_keeps_on_ticking_.php |title='...and keeps on ticking' |author=Staff – JCK Online |date=2005-01-01 |publisher=JCKonline |accessdate=2010-05-06 |url-status=dead |archiveurl=https://web.archive.org/web/20100521143521/http://www.jckonline.com/article/284700-_and_keeps_on_ticking_.php |archivedate=2010-05-21 }} TMX Philippines, Inc., and Timex Group India Ltd.
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|date=November 2015}} 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.{{cite web
| title = The crazy, true-life adventures of Norway's most radical billionaire
| publisher = Fortune magazine
| author = Shawn Tully
| author-link = Shawn Tully
| date = March 7, 2015
| quote = 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.
| url = http://fortune.com/2015/03/07/fred-olsen/}}
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
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
{{Reflist}}
External links
- {{official website}}
- [http://www.timex.com/ Timex brand website]
{{Fred. Olsen}}