Latest news with #TimexGroup
Mint
3 days ago
- Business
- Mint
‘Our investment in India is only going to increase': Timex Group CEO Tobias Reiss-Schmidt
'I can't take any credit for it. It was the India team that made the selection there," laughs Tobias Reiss-Schmidt, president and CEO of American watch manufacturing company, Timex Group. Schmidt is commenting about the brand signing up actor Ananya Panday as its India brand ambassador. 'lt was a big decision, obviously, but I have to say that I was super impressed with her. She has a unique personality that really fits well with our brand," notes Reiss-Schmidt who has been at the helm of the 170-year-old company since 2015. For a long time, it seemed as if the brand was stuck to its image as 'an affordable" brand. If you wanted a good-looking watch that was easy on your wallet, it was Timex. But that was all. Under Reiss-Schmidt's stewardship, the company is now slowly getting out of that shell. In the last decade, the brand in a bid to attract newer customers has launched collections that tip a hat at its past innovations but speak the language of today's generation. There have been successful reissues such as the Q Timex 38mm Stainless Steel Bracelet Watch that was inspired by the 1979 Q Diver model. Their Waterbury collection is a homage to the original watch collection manufactured by the Waterbury Clock Company – Timex's predecessor that was founded in 1854 in Waterbury, Connecticut. Since last year, the watch manufacturer has made some decisive moves in India as well, including signing up Ananya Panday as their brand ambassador, collaborating with Punjab Kings in IPL, and launching their 'Make Time Yours" campaign to promote an analogue way of life. 'India for us is only becoming more important," says Reiss-Schmidt in an extended interview with Lounge where he also discussed the company's plans for India, Timex's creative collaborations, the Giorgio Galli limited edition series and being the watch partner for luxury brands like Versace and Ferragamo. Edited excerpts: In 2021, you'd said that India was the third biggest market for your brand. Post pandemic, the country has rapidly grown and is being pegged as the next big luxury market. Based on your recent campaigns here, would you say Timex has bigger plans for India? India for us is only becoming more important. Yes, back in '21 it was the third largest market for us. Today, generally speaking, India is the fastest growing market. Since Timex started its operations in India in the early 90s, we are in an incredible position here. We have a fantastic team that has delivered incredible results. We are doing our own manufacturing here and are constantly investing into expanding the capacity here. We are working with our Indian vendors to export into other markets. So, across the board, India is a strategic pillar for us and our investment is only going to increase. In the last few years, Timex has done some really cool collaborations, be it the Jacquie Aiche collection or the more recent Timex X Superman watch and the Timex X Wednesday watch, among others. These collabs make you look like a legacy brand that's totally clued into popular culture. Is that the strategy? We love these collaborations. They are a great way to keep the brand fresh and connect to newer, younger consumers. They also make for great storytelling. The foundation of the brand is its 170-year-long legacy built on watchmaking expertise, countless innovations, unmatched craftsmanship and great quality. It's a great foundation to have and we actually do see that even younger consumers appreciate real watch brands as opposed to fashion brands (that also make watches). I think that if you can combine this heritage and legacy with being just playful and part of popular culture… being part of the conversation – which we achieve with these collaborations – that's really powerful. Collaborations, reissues, signing up brand ambassadors like Ananya Pandey… it looks like you want to shake things up in your company. Timex has been around for a long time. A lot of great things have been created under the brand over decades. When I got the opportunity to start at Timex, I looked at it closely. I did a lot of research on the history of the company. And then, I got together with the team and we said, 'We really have to create something that lives up to the heritage of the brand." When you have an iconic brand like that you don't just live off something that was built in the past. You also have a responsibility to create something new that lives up to the equity the brand has. We decided that we would still have a very accessible price point but we would also bring incredible value to consumers by creating nicer watches at a higher price point. With that idea in mind, we went and created beautiful products. We created new franchises like Q; we had reissues where we brought back designs from the 70s that our consumers absolutely loved and embraced. It's really amazing to see this 'additional" phase of Timex, where we can be somebody's first watch at ₹3,000 and simultaneously also sell an amazing dive watch for ₹30,000. Talking of watches with great value, the S series by Timex's design director Giorgio Galli (the S2Ti Swiss Made Automatic 38mm is priced $1,950) has developed a cult following among watch enthusiasts. How did that idea come about? Giorgio is absolutely fantastic and we are so lucky to have him. This is why, despite being a thoroughly commercial enterprise, I felt that we had to carve out a space where Giorgio could fully express himself and bring his vision of Timex fully to life without any limitations. That's how the Giorgio Galli limited edition S series was really created. While I was sure it was going to be successful, going by the response it has received, I'm 100% thrilled! Not only did we actually sell all the watches, the S series also helped create a halo for the brand. We now have high-end watch collectors being interested in Timex. It was a really huge success for us. Do you own any of the S series watches? I own all of them. On the subject of luxury watches, Timex is the watch partner for some really high-end brands like Versace, Ferragamo and Furla. How does the arrangement work? Do you have different teams working on them to ensure the signature identity of the luxury brands remains? Yes, we have separate teams for different brands and we make sure that these teams work independently, because you don't want to end up with all the 10 brands doing the same watch. The teams work very closely with the maisons as they are the ones who sign off on all the (watch) designs and all the creative work that goes out. We're obviously proud of the brands and the partnerships that we have as they give the company more relevance. And of course, it also proves that as a watch company, we can make watches that are priced from ₹2000 all the way up to ₹1,50,000. And that's a nice position to be in. 10 years in, what drives you to keep going at the job without getting bored? Well, these have been some very interesting 10 years. I was three years in and the pandemic happened. We came out of the pandemic quite well, luckily. Those years were definitely not boring. The other point is I just love the industry. I love watches. I love our team. Our brands are fantastic. Working with Giorgio Galli and his line of watches is truly a passion project. And in the end, if I get bored being in my position, it's my fault, right? But believe me, I'm not bored a single minute. Of all the Timex watches you own, what are your favorites?To be honest, it changes quite frequently. My current favorite is the Waterbury Heritage Chronograph.
Fashion Value Chain
28-06-2025
- Business
- Fashion Value Chain
Timex Launches GUESS Jewellery SS25 Collection in India
Timex Group, the official licensee of GUESS watches in India, has introduced GUESS Jewellery to the Indian market, unveiling its Spring/Summer 2025 (SS25) collection. This launch signifies GUESS's expansion into India's fast-growing fashion jewellery segment, offering a curated collection designed to appeal to modern, trend-conscious women. The SS25 range embodies GUESS's signature style — glamorous, expressive, and rooted in international design cues. Themed mini collections within the line-up include earrings, bracelets, necklaces, and rings that mix chain links, engravings, textures, enamel work, and shimmering crystals, ensuring pieces for every mood — romantic, festive, or casual. Key Collections from SS25: Lily: Romantic, spring-themed pieces featuring floral and butterfly motifs enhanced with crystals. Seashell: Nautical-inspired designs with engraved shell elements, pearls, and enamel details. Crazy In Love: Chunky double-heart motifs in pavé settings for modern romantics. Vintage GUESS: Nostalgic flair with revamped Teddy motifs, crystal accents, and enamel hearts. 4G Light: A focus on the iconic GUESS 4G logo, with timeless stone and torchon detailing. Fabulous Me: Animal-inspired jewellery with vibrant enamel and gemstone accents. GUESS Beloved & GUESS Amore: Symbolic love stories told through pavé hearts, infinity chains, and youthful pink stones. Twist: Serpentine coils and colour-enriched stones creating fluid, elegant silhouettes. Each piece is designed to reflect GUESS's bold femininity and storytelling flair, ideal for self-expression or gifting. Availability: The GUESS SS25 Jewellery Collection is now retailing in Shoppers Stop, Just Watches, and Just In Time stores across Mumbai, Delhi, and Bangalore, starting at INR 2,995/-.
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Business Standard
25-06-2025
- Business
- Business Standard
Timex Group hits 5% lower circuit as OFS opens for non-retail investors
Timex Group, known for making watches, shares hit a 5 per cent lower circuit in trade on Wednesday, at ₹251 per share on BSE. At 9:30 AM, Timex Group share price was trading 5 per cent lower at ₹251 per share on the BSE. In comparison, the BSE Sensex was up 0.49 per cent at 82,460.71. The company's market capitalisation stood at ₹2,533.85 crore. Its 52-week high was at ₹289.9 per share and 52-week low was at ₹117.9 per share. What led to a slump in Timex Group stock? The selling pressure on the counter came after the company's offer for sale (OFS) opened for non-retail investors today. The promoter, Timex Group Luxury Watches B V, has proposed to sell 7,571,250 shares of face value of ₹1 each, representing 7.5 per cent of the total issue. The promoter has also offered to sell additional 7,571,250 shares (representing 7.5 per cent of the total issued) under "Oversubscription Option". The floor price for the offer is ₹175 per share. The OFS will open for retail investors on Thursday, June 26, 2025. "Timex Group Luxury Watches B V is the promoter of the company (the "Promoter" or "Seller"). The promoter proposes to sell up to 7,571,250 Equity Shares of face value of~ 1 each, representing 7.5 per cent of the total issued and paid-up Equity Share capital of the Company ("Base Offer Size"), on June 25, 2025 ("T Day") (for non-Retail Investors only) and on June 26, 2025 ("T+1 Day") (for Retail Investors and for non-Retail Investors who choose to carry forward their unallotted bids from T Day), with an option to additionally sell up to 7,571,250 Equity Shares (representing 7.5 per cent of the total issued and paid-up Equity Share capital of the Company) the "Oversubscription Option"," the filing read. About Timex Group Timex Group designs, manufactures, and markets innovative timepieces and jewelry globally. Timex, founded in 1854, has expanded to become Timex Group, a privately-held company, with several operating units and over 5,000 employees worldwide. One of the largest watch makers in the world, Timex Group companies include the Timex Business Unit (Timex, Timex Ironman, Nautica, Marc Ecko and Helix); Timex Group Luxury Watches (Salvatore Ferragamo); Sequel (Guess, Gc) and Vertime (Versace).
Mint
22-05-2025
- Business
- Mint
Small-Cap stock Timex Group hits 10% upper circuit, scales all time high amid Stock market crash
Stock Market Today: Small-Cap stock Timex Group share price gained 10% during the intraday trades on Thursday to hit upper circuit. The stock scaled all time high even as stock market crashed and when the S&P BSE Sensex lost more than 1% during the intraday trades Small Cap Stock-Timex Group share price opened at ₹ 243.95 levels on the BSE on Thursday. At the time of opening Timex Group share price was more than 1% higher than the previous days closing price of ₹ 240.20.10. The Timex Group share price however gained during the morning trades to the intraday highs of ₹ 264.20 , which meant gains of 10 for the Timex Group share price. This was on a day when the Stock Market Crashed and the S&P BSE Sensex declined more than 1% during the intraday trades. Notably the level of ₹ 264.20 for Timex Group share price which meant gains of 10% was also the upper price band for the Timex Group share price. Hence the Timex Group share price had hit upper circuit limit abd was locked at the same level during the intraday trades on Thursday The Small Cap Stock Timex Group share price that was trading at close to ₹ 21 Levels in May 2020 and ₹ 31-32 levels in May 2021 has risen multi fold during last 4-5 years. The sTimex Group share price thereby has given Multibagger returns to the investors The intraday high for Timex Group share price on Thursday was also one year high as well as record high for the Timex Group share price. During the March 2025 quarter Timex Group India Ltd had reported Net profit growth of 30.5% to ₹ 9.24 crore, as earnings before interest, taxes, depreciation, and amortization (Ebitda) expanded at a robust double-digit pace of 35%. Small Cap Stock Timex Group highlighted that Timex, the core brand, posted robust growth of 44% in the quarter Helped by multi-channel expansion, product innovation, and a rise in the market share of the Timex brand, Timex Group India Ltd.'s revenue from operations jumped by 47% to ₹ 135.41 crore in the January to March 2025 quarter (Q4FY25) compared to the same quarter last year. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
22-05-2025
- Business
- Business Standard
Smallcap stock hits record high in weak market; rallies 69% thus far in May
Timex Group India share price today Shares of Timex Group India (TGIL), one of India's leading watchmakers, and part of the US-headquartered iconic Timex Group, hit a record high of ₹264.20 on the BSE today. Timex Group India shares were locked in the 10-per cent upper circuit in Thursday's intraday trade, in an otherwise weak market. In comparison, the BSE Sensex was down 0.83 per cent at 80,916.92 at 10:08 AM. As many as 114,000 equity shares have, so far, changed hands on the counter. Further, there are pending buy orders for 103,188 equity shares on the BSE, exchange data shows. Thus far in the month of May, the stock price of the smallcap company has zoomed 69 per cent. It has bounced back 76 per cent from its previous month low of ₹150, touched on April 7, 2025. Catch Stock Market Latest Updates Today LIVE Strong Q4 results In the January to March 2025 quarter (Q4FY25), TGIL registered a 47 per cent increase in revenue from operations at ₹135.41 crore over the same quarter in the previous year, driven by multi-channel growth, product innovation, and increased Timex brand market share. Earnings before interest, taxes, depreciation and amortisation (Ebitda) grew at a strong double-digit rate of 35 per cent, while profit after tax (PAT) surged by 31 per cent. The management said the company's channel-first approach delivered exceptional results in the year, with heightened productivity in trade stores, robust e-commerce expansion, and a solid Direct-to-Consumer footprint through and As an impetus to build a much stronger and robust new financial year, the brand has strategic plans to venture in Quick Commerce with key partners such as Flipkart Minutes, Myntra Now, and Swiggy Instamart, while progressing toward other potential partnerships with Blinkit and Zepto, strengthening its ondemand availability, and making Timex products more accessible at consumers' fingertips, the management said. Growth Opportunities The Indian watch industry has strong growth potential. India has very promising macro-economic factors including positive growth outlook of the Indian economy, inflation coming under control, government's boost for increasing demand and per capita income, Indian demography, urbanization, and increasing fashion spends of Indian population, are all ensuring long term growth of the country. This will boost overall consumer demand and specifically demand for more discretionary goods including watches, according to TGIL. With the huge growth potential in lower tier cities, the business is expected to grow at a faster pace. Wrist watch penetration is very low in India which provides huge untapped potential to cover. Traditional analogue watch segment has ample room to grow and majority of the Indian consumers still like to wear them compared with smart wearables. About Timex Group India Timex Group India (TGIL) designs, manufactures, and markets innovative timepieces and is part of Timex Group, which is a privately held company headquartered in Middlebury, Connecticut, with multiple operating units. Apart from Timex, one of the leading watch brands in India, TGIL has a vast range of licensed brands like Versace, Guess, Gc, Philipp Plein, Plein Sport, Ferragamo, Nautica, Ted Baker, adidas, and UCB watches. It retails via over 5000 offline trade stores and key online marketplaces. TGIL also operates over 40 exclusive franchise stores under the umbrella of Just Watches and Timex World.
