Timex Group B.V., or Timex Group, is an American - Dutch

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

headquartered in

Hoofddorp Hoofddorp (; ) is the main town of the Haarlemmermeer municipality in the province of North Holland in the Netherlands. In 2021, the population was 77,885. The town was founded in 1853, immediately after the Haarlemmermeer had been drained. Hist ...

, the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

and

Middlebury, Connecticut Middlebury is a town in New Haven County, Connecticut, United States. The population was 7,574 at the 2020 census. History Middlebury incorporated as a town in 1807, and named from its central position relative to Waterbury, Woodbury and Southbu ...

. It is the corporate parent of several global watchmaking companies including

Timex Group USA, Inc. Timex Group USA, Inc. (formerly known as Timex Corporation) is an American global watch manufacturing company founded in 1854 as the Waterbury Clock Company in Waterbury, Connecticut. In 1944, the company became insolvent but was reformed into ...

, TMX Philippines, Inc., and Timex Group India Ltd.

Corporate structure

The Timex Group itself is

privately held A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is ...

by the Norwegian holding group Fred. Olsen & Co. and 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 A portmanteau word, or portmanteau (, ) is a blend of wordsTime magazine ''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on Mar ...

) and ''

Kleenex Kleenex is a brand name for a variety of paper-based products such as facial tissue, bathroom tissue, paper towels, tampons, and diapers. Often used informally as a genericized trademark for facial tissue in the United States and Canada, the nam ...

''.

Companies and brands

Timex Business Unit, A division of

* Timex * Opex *

Nautica Nautica is an American apparel brand of Authentic Brands Group featuring primarily men's, women's, children's apparel and accessories, as well as home, watches, and fragrance. Nautica was founded in 1983 by clothing designer David Chu and a par ...

TX Watch Company The TX Watch Company was launched in 2006 by the Timex Group, an international holding group and corporate parent of global watchmaking companies, including Timex Group USA, Inc., TMX Philippines, Inc., and Timex Group India Ltd. Under the TX bran ...

(2006-2011) Sequel AG *

Guess A guess (or an act of guessing) is a swift conclusion drawn from data directly at hand, and held as probable or tentative, while the person making the guess (the guesser) admittedly lacks material for a greater degree of certainty. A guess is als ...

* Gc Vertime SA *

Versace Gianni Versace S.r.l. (), usually referred to as Versace ( ), is an Italian luxury fashion company founded by Gianni Versace in 1978 known for flashy prints and bright colors. The company produces Italian-made ready-to-wear and accessories, as w ...

* 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

*
Timex brand website
{{Fred. Olsen Watchmaking conglomerates