It has been a big year for Timex in the UK and around the world as it has leveraged its scale and expertise in design, manufacturing and distribution to grab a larger slice of the affordable watch market.
Among developments, the company signed licensing deals for Ted Baker and Kenneth Cole this year and became a distributor for Ingersoll watches in the United States.
Most recently, Timex did a deal with Teslar (not to be confused with the car company Tesla) that will see it install blocking technology for the potentially harmful mobile phone electromagnetic fields into its wristwatches.
Organisationally, the group’s operations in the UK have announced that Paul Martin is taking the role of managing director.
Mr Martin will be responsible for distribution and marketing for all Timex and Luxury Division brands including Gc, Guess, Salvatore Ferragamo, Versus, Versace, Timex, Ted Baker and Nautica.
He is promoted from the role of managing director of Sequel UK, a subsidiary of Timex that runs the Gc and Guess business, a role he took in 2016.
“This a strategic move that will allow us to further leverage the full strength of our group’s brand portfolio in this highly competitive market and support our retail partners and continue to delight and engage with our consumers,” Mr Martin says.