Timex Group acquires watch retailer Just Watches

US-based watchmaker Timex Group on Thursday said it has acquired Just Watches, a premium watch retail brand for an undisclosed sum.

Timex Group acquires watch retail brand Just Watches for undisclosed amount

″...this is in line with our future growth plans and hence brings a perfect synergy between the coming together of the two brands. We are confident that the acquisition will provide a wider choice of timepieces to our consumers. Through this business move, at Timex, we are geared up to increase our …

Timex Group acquires watch retail brand Just Watches

Timex India will take over Just Watches stores and online portal as part of this deal

Timex Group acquires Just Watches to bolster India business

Timex Group CEO Reiss-Schmidt said that there is a lot of catch-up opportunity in India as only 15% only own a watch.

‘India really stands out’: Timex CEO Tobia Reiss-Schmidt on watch maker’s expansion plans

Leading watch company Timex Group said India business is witnessing strong double-digit growth over pre-pandemic levels

India has emerged as second largest market for Timex Group: Global CEO

Timex Group India reports standalone net loss of Rs 6.69 crore in the December 2022 quarter

Timex Group India standalone net profit rises 65.73% in the September 2022 quarter

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Timex Group India will soon launch Adidas Originals watches and products of German luxury fashion house Philipp Plein in the domestic market.

Timex to launch Adidas watches, Philipp Plein products in India

Timex Group Ind Standalone March 2022 Net Sales at Rs 79.09 crore, up 55.38% Y-o-Y

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

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Lagging behind the market in financials growth

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Showing good signs of profitability & efficiency

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The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

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Good time to consider, stock is not in the overbought zone

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Timex Group India Limited (TGIL) is engaged in designing, manufacturing and marketing of timepieces and jewelry globally. The Company's segments include Watches and Others. The Company's brands include Timex, Helix, SALVATORE FERRAGAMO and VERSACE.