MIDDLEBURY, Con., Jan. 17 /PRNewswire/ -- Timex Group and Valentino S.p.A. have signed a licensing agreement for the creation, production and distribution of a premier luxury watch collection worldwide.
"Valentino is a legendary brand that continues to experience exceptional growth in the marketplace," said Joe Santana, Timex Group president and CEO. "We are delighted Valentino watches are now part of Timex Group's portfolio. The brand will enhance our offerings in the highest echelons of timepieces."
Maison Valentino will continue to contribute to the design of the collection, and will partner with Timex Group to jointly develop projects and develop long term leadership in the luxury watch markets. The new line will sport the unique and unmistakable Valentino brand style, placing it in the higher tiers of the market.
"The expertise and the strong results achieved by Timex Group in high quality watch making will enable Valentino to reach a leadership position in a growing segment of the luxury market," said Valentino CEO Stefano Sassi, "The strong attention to style and quality of the product, together with an innovative plan developed with our partner Timex, reassert the ambitions of growth of our brand"
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