Timex Group gets rights for Guess watches in India

By

Maverick Martins

Published
Jan 11, 2022

Leading watchmaker Timex Group India Ltd has got the manufacturing and distribution rights for Guess & GC branded watches in the Indian market.

The company has signed a deal with Timex Nederland B V and expects the deal to further strengthen its market share in the Indian market.

Commenting on the partership, Sharmila Sahai, managing director Timex Group India in a statement said,  "We are delighted to announce this partnership. Guess & GC branded watches are known for providing quality timepieces for fashion-conscious consumers worldwide, and the recognition that these brands have in the Indian market is phenomenal."

"This strategic collaboration leverages the strength of the company's retail partner network and allows further expansion of its distribution footprint in the country," he added.

Timex sees huge potential for growth in the Indian market and continues to invest heavily to increase its manufacturing to meet the domestic and global demand. Currently, India is the third-largest market for the brand globally and it is optimistic of 20 percent annual growth for the next five years.

Timex Group companies produce watches under a number of brands, including Timex, Guess, Versace, Salvatore Ferragamo, GC, Furla, Missoni, Adidas, Nautica, and Ted Baker.