the Timex Group showcases a diverse portfolio of brands across the sports, fashion
and luxury categories. Other than the Timex brand, the Times Group also markets
Guess, Versace, Valentino and Ferragamo, Nautica and Marc Ecko under global licenses.
Timex also does
business with Vincent Berard, the exclusive high-end, handcrafted mechanical time
piece manufacturer acquired by the group.
Kapoor, senior vice president for the group in Asia, and managing director of
Timex Group India Ltd, formally announced the change in the company''s identity
to Timex Group India Ltd. According to Kapoor, the rechristening reflects "the
company''s aggressive business growth and diversification plans."
says that this re-naming is accompanied by a restructuring exercise that will
see the company move closer to its ambition of becoming a leader in the lifestyle
space in the country.
restructuring of Timex''s businesses will see the company reorganise itself along
three business verticals, Timex and fashion brands, luxury brands, and jewellery.
Sadanandan, senior VP (marketing and sales) the incoming president of the core
Timex and Fashion Brands business, with M K Bandopadhyay, senior VP (operations)
taking over the reigns as chief operating officer and as head of the precision
engineering division. Bandopadhyay will also supervise the manufacturing and supply
chain initiatives of Timex.
name change was formally approved by Timex Watches'' board of directors in April
2007, with the member approval coming during the company''s annual general meeting