Website timexgroup.com Headquarters Hoofddorp, Netherlands Type of business Privately held company | Owner Fred. Olsen & Co. Number of employees 5,000 | |
Industry Watch manufacturing, Luxury Goods Subsidiaries Timex Group USA, Inc., TX Watch Company | ||
Timex Group B.V., or Timex Group, is a Dutch holding company headquartered in Hoofddorp, the Netherlands, and the corporate parent of several global watchmaking companies including Timex Group USA, Inc., TMX Philippines, Inc., and Timex Group India Ltd.
The Timex Group itself is privately held 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.
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.
Shortly after purchasing the Waterbury Clock Company in 1941, founder Thomas Olsen renamed the company Timex, as a portmonteau of Time (referring to Time magazine) and Kleenex.
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: