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.
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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.
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