Pardon the title of this entry, it’s a reference to a hilarious internet meme. Anyway, Recession has been good for Timex. Marc Ecko, having incurred $170 million in debt, moved out of his $9 million office and sold his brand’s wristwatch license to Timex’s subsidiary, Callanen International.
This move was further encouraged by Callanen’s previous experience with Guess where Fossil tried to snatch the license away from them.
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