The article's lead section may need to be rewritten. (March 2022) |
Formerly | Waterbury Clock Company, Timex Corporation |
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Company type | Subsidiary |
Industry | Luxury goods |
Founded | 1854 |
Headquarters | Middlebury, Connecticut, with various operations in Europe, the Americas, and Asia |
Area served | Worldwide |
Key people |
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Products | Watches |
Number of employees | 7,000 |
Parent | Timex Group |
Website | www |
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 Timex Corporation. In 2008, the company was acquired by Timex Group B.V.(https://en.wikipedia.orgview_html.php?sq=&lang=&q=Timex_Group) and was renamed Timex Group USA.
Thomas Olsen purchased the Waterbury Clock Company in New York in 1941 and renamed it Timex, a portmanteau of the names of Time magazine and Kleenex.[1]