Timex Group USA

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Timex Group USA, Inc.

Formerly	Waterbury Clock Company, Timex Corporation
Company type	Subsidiary
Industry	Luxury goods
Founded	1854 (170 years ago) (1854)
Headquarters	Middlebury, Connecticut, with various operations in Europe, the Americas, and Asia
Area served	Worldwide
Key people	Tobias Reiss-Schmidt (President & CEO) Colin Arsenault (CFO)
Products	Watches
Number of employees	7,000
Parent	Timex Group
Website	www.timex.com

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. 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]