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 Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

headquartered in

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

, the

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

and Middlebury, Connecticut. It is the corporate parent of several global watchmaking companies including Timex Group USA, Inc., TMX Philippines, Inc., and Timex Group India Ltd.

Name

Shortly after purchasing the Waterbury Clock Company in 1941, founder Thomas Olsen renamed the company ''Timex'', as a

portmanteau In linguistics, a blend—also known as a blend word, lexical blend, or portmanteau—is a word formed by combining the meanings, and parts of the sounds, of two or more words together.

of ''Time'' (referring to ''Time'' magazine) and

Kleenex Kleenex is a brand name primarily known for their line of facial tissues. Often used informally as a genericized trademark for facial tissue, ''Kleenex'' is a registered trademark of Kimberly-Clark applied to products made in 78 countries. The ...

Companies and brands

Timex Business Unit, a division of Timex Group USA, Inc. * Timex * Opex * Nautica * TX Watch Company (2006–2011) Sequel AG *

Guess Guessing is the act of drawing a swift conclusion, called a guess, from data directly at hand, which is then held as probable or tentative, while the person making the guess (the guesser) admittedly lacks material for a greater degree of certaint ...

* Gc Vertime SA *

Versace Gianni Versace S.r.l. (), usually referred to as Versace ( ), is an Italian luxury elite fashion company founded by Gianni Versace in 1978. The company produces Italian-made ready-to-wear and accessories, as well as '' haute couture'' under it ...

* 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 * Salvatore Ferragamo * Versace * Versus

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. The group has operations in a number of countries in Europe, the Americas, Asia and Oceania.

References

External links

*
Timex brand website
{{Fred. Olsen Watchmaking conglomerates