Kate spade key holder wallet dupe1/22/2024 ![]() In 2022, Fossil Group appointed Lisa Marie Pillette as Senior Vice President and Chief Marketing Officer. In 2021, the company cut their number of employees from 10,200 to 7,500. In November 2015, Fossil acquired Misfit for $260 million, with plans to incorporate Misfit's technology into traditional-looking watches. In early-2013, Fossil introduced their upscale and more expensive "Fossil Swiss" line of watches which are made in Switzerland. The total value paid by Fossil would be approximately $236.8 million. agreed to purchase Skagen Designs and some of its partners for approximately $225 million in cash and 150,000 Fossil shares. įossil has design studios in Biel, Switzerland, close to Rolex as well as manufacturing facilities in China and distribution centers in Dallas, Germany, and Asia. The Watch Station International chain was purchased from Luxottica/ Sunglass Hut in December 2007. The case was settled for an undisclosed amount and dismissed shortly thereafter. In September 2007, Fossil was accused of infringing a patent owned by Financial Innovations Systems, LLC, in a lawsuit filed in the Northern District of Texas. The 2004 purchase of Michele Watch completed the cycle by offering a high-end Swiss watch with a designer flair. Fossil's desire to establish a Swiss presence led to the purchase of the Zodiac Watch brand and a complete retooling of that line to reflect a retro modern 1970s style in a higher end watch. Zodiac Watches was a Swiss brand that had been operating since 1882 when Fossil acquired it from Genender International in 2001 for $4.7 million. In 1990, they introduced leather goods under the Fossil brand, and the Relic line of watches.įossil had its initial public offering in 1993. Their main product was fashion watches with a retro look. Kosta told his younger brother about the potential large profits that could be made in importing retail goods made in the Far East, specifically in importing moderately-priced fashion watches. Company history įossil was founded in 1984 as Overseas Products International by Tom Kartsotis, a former Texas A&M University student living in Dallas from a suggestion by his older brother, Kosta Kartsotis, a merchandising executive at Sanger-Harris. ![]() ![]() The company name is the nickname the brothers gave their father. Kosta Kartsotis, brother of Tom Kartsotis and CEO, owns approximately 12.5% of Fossil stock. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil store, Oxford Street, London, 2016įossil Group, Inc., is an American fashion designer and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. ![]()
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