Honoring its iconic heritage and pioneering efforts in democratizing timepieces
MIDDLEBURY, Conn., Oct. 21, 2024 /PRNewswire/ -- Timex®, a pioneer in the watchmaking industry, is celebrating their 170th Anniversary with 1,000 limited-edition Waterbury watches for just $1 dollar; reviving a legacy of accessible timekeeping. On November 16th, consumers will have a chance to claim their limited-edition $1 watch at all participating retailers at 10am locally. It will also be available on Timex.com US and Timex.ca (10am EST / 7am PST), Timex.co.uk (10am GMT), Timex.eu (10am CET), and shop.timexindia.com (10am IST). Don't miss out on this once-in-a-lifetime opportunity to claim your limited-edition $1 watch and be part of Timex's celebration of time, resilience, and the enduring spirit of the dollar.
This release honors their heritage of simply great watchmaking since 1854, tracing back to their roots as the Waterbury Clock Company. It commemorates Timex's iconic Yankee pocket watch—their first timepiece sold at $1 and known as "the watch that made the dollar famous".
170 years ago, timekeeping was exclusive to the elite, with pocket watches expensively priced to the public. It was then that the Waterbury Clock Company stepped in and democratized timekeeping for all. Five pounds of candy costed 35 cents, and one dollar got you the Yankee dollar pocket watch. Farmers checked it during harvests, train conductors relied on it for punctuality, and factory workers synchronized their breaks by its hands.
By the turn of the century, over six million of these 'dollar watches' had found their way into the hands of everyday Americans. Even literary legend Mark Twain couldn't resist owning one, having sent Timex a dollar in exchange for a watch of his very own.
Shari Fabiani, Chief Marketing Officer of Timex Group, expressed the significance of this release: "Our 170th anniversary isn't merely a celebration of our storied past; it's a heartfelt reaffirmation of our unwavering commitment to making quality timepieces accessible to everyone. The $1 Anniversary Watch pays homage to the original Waterbury campaign, which promised 'correct time for little money.' In crafting this watch, we wanted to honor the loyal consumers who have trusted and cherished our brand over the years."
This special release joins Timex's beloved Waterbury collection, paying homage to their origins as the Waterbury Clock Company with finely finished surfaces and careful applications of watchmaking ingenuity. It displays a glossy ice white dial with the official 170th Anniversary Edition logo, elevated by 3D lacquered roman numeral markers. Flip the watch over, and it reveals a special caseback enhanced with vertical brushing and engraved with a commemoration of this special moment in Timex's watchmaking history.
Remember: time waits for no one, and neither will these watches.
For more information on the Timex 170th Anniversary limited-edition watch and a complete list of global retailers, please visit HERE. For assets, please visit HERE.
About Timex Group
Timex Group designs, manufactures and markets innovative timepieces around the world. Timex Group is a privately-held company headquartered in Middlebury, Connecticut with multiple operating units and over 3,000 employees worldwide. As one of the largest watch makers in the world, Timex Group companies produce watches under a number of world class brands, including Timex, adidas, Ferragamo, Furla, Gc, Guess, Missoni, Nautica, Philipp Plein, Plein Sport, Ted Baker and Versace.
Join Timex on social media: @timex
Media Contacts:
Patricia Rappaport, patricia.rappaport@civic-us.com | Rachel Walder, rachel.walder@civic-us.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
TIMEX CELEBRATES 170 YEARS OF WATCHMAKING WITH $1 LIMITED-EDITION ANNIVERSARY WATCH
TAIPEI and RIYADH, Saudi Arabia, Oct. 21, 2024 /PRNewswire/ -- In a strategic initiative to attract foreign investment, Taiwan Stock Exchange (TWSE) Chairman & CEO Sherman Lin led a delegation to the Middle East from October 11 to 19. The delegation engaged with stock exchanges, sovereign wealth funds, asset managers, and custodian banks in Qatar, Saudi Arabia, and the United Arab Emirates. This landmark visit to engage with key institutional investors, the first since 2007, aimed to showcase Taiwan's capital market strengths and growth potential.
Fostering stronger bilateral investment relations, the delegation provided investors in the Middle East with in-depth insights into Taiwan's market value and potential.
Chairman Lin highlighted the latest advancements in Taiwan capital market, particularly the surge in the AI industry this year, which has significantly boosted the market value and trading volume of Taiwan capital market. Taiwan's semiconductor industry, a cornerstone of the global AI supply chain, was also emphasized, positioning the Taiwan capital market as a focal point for international investors.
In addition to engaging with institutional investors, the TWSE team visited several Middle Eastern stock exchanges to share Taiwan's successful experiences in supporting fundraising activities for new economy industries in the capital market, particularly in the areas of exchange-traded funds (ETFs) and ESG performance. With the recent unveiling of the "Asian Asset Management Center" project by the Taiwan government, the TWSE plans to actively introduce more active and multi-asset ETF products and cross-border dual listing schemes. This visit also aimed to strengthen cooperation and explore the joint development of new ETF products and other financial activities.
Speaking on a panel at the J.P. Morgan Middle East Forum in Riyadh, Chairman Lin highlighted the key role of Taiwan in the global AI supply chain, innovation in Taiwan capital market and growth potential of the ETF market, underscoring Taiwan's competitive edge in the global economy.
Sherman Lin, TWSE Chairman & CEO, commented: "Since 2020, Taiwan's market capitalization has doubled, reaching USD 2.2 trillion. Taiwan's aggressive investments driven by AI innovation and the strong development of the local ETF market has contributed substantially to the market capitalization increase."
"With the AI-driven development of Taiwan's ICT industry and the future launch of active and multi-asset ETFs under the government's Asian Asset Management Center project, Taiwan capital market is poised to attract more international investors," added Chairman Lin.
Chairman Lin also noted that sustained foreign interest has been a key driver behind Taiwan's upward trend in stock prices and volumes, with international investors maintaining ownership above 40% for ten consecutive months since November 2023, and trading volumes consistently exceeding 30%.
The Taiwan stock market has surged this year, rising by 23.94% as of September 30, outpacing major global stock markets. Taiwan listed companies have reported significant increases in revenue and profits in the first half of 2024 compared to the same period last year, highlighting robust growth among local enterprises.
"Since 2023, the TWSE has been on a mission to connect Taiwan's vibrant capital market with the world's leading financial hubs, including Singapore, Japan, Europe, and the United States. Now, turning our focus to the Middle East, we are keen to attract capital within the region, particularly petrodollars, to invest in Taiwan. Our visit was not just about investment; it was about building lasting relationships, creating cross-border cooperation opportunities, and enhancing our international connectivity," said Chairman Lin.
About TWSE
The Taiwan Stock Exchange (the "TWSE") started operations on February 9, 1962. The TWSE is responsible for operating and advancing the Taiwan securities market. The TWSE's primary business operations include listing, trading, settlement and surveillance. These comprise listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms' services, investor protection, clearing and settlement operations, safeguarding against market defaults and the monitoring of illegal transactions. The Exchange provides comprehensive services to the stock market.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
TWSE Chairman Lin Leads Delegation to Strengthen Ties in the Middle East and Boost Foreign Investment in Taiwan Capital Market
TWSE Chairman Lin Leads Delegation to Strengthen Ties in the Middle East and Boost Foreign Investment in Taiwan Capital Market
