Following the 2020 majority stake sale of Timex to the Boston-based hedge fund investment firm Baupost Group, the company has just sold its 84,886-square-foot headquarters complex in Middlebury, Connecticut, for $7.5 million to a partnership between Drubner Equities Florida LLC and Atlantic Management.
Where Timex sets up its new HQ and how will this affect the daily operations remains to be seen. We are awaiting a reply from our overtures to the brand and will pass along any updates as we are informed.
Comments are closed.