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Timex Group secures ten year extension to its Versace watches license

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Gianni Versace Srl and Timex Group have extended their licence agreement for an additional ten years.

Timex Group will design and produce Versace watches and handle worldwide distribution.

“Through our collaboration with Timex Group Luxury Division, we will continue to occupy the market with luxury timepieces featuring impeccable Swiss precision and distinctive Versace styling.

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“I am confident that this renewed partnership driven by Timex Group expertise and the renowned creative vision of Versace will produce surprises that cannot fail to delight watch enthusiasts.” says Gianni Versace S.r.l. chief executive officer, Jonathan Akeroyd.

“We are proud of our longstanding partnership with Versace, one of Italy’s most prestigious fashion and design houses,” adds Tobias Reiss-Schmidt, CEO Timex Group.

“Versace’s iconic style allows us to create truly unique timepieces that excite consumers around the world. Jointly with the Versace team we will continue to innovate and reinforce Versace’s position as one of the leading brands in the watch category.”

The new contract will run from January 1, 2022, until December 31, 2031.

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