Timex Group B.V., or Timex Group, is an American–Dutch holding company headquartered in Hoofddorp, the Netherlands and Middlebury, Connecticut.[2] It is the corporate parent of several global watchmaking companies including Timex Group USA, Inc.,[3] TMX Philippines, Inc., and Timex Group India Ltd. In 2020, the Boston-based investment firm Baupost Group took ownership of Timex Group.[4]
Name
Shortly after purchasing the Waterbury Clock Company in 1941, Norwegian founder Thomas Olsen renamed the company Timex, as a portmanteau of Time (referring to Time magazine) and Kleenex.[5]