Fossil Group
| Fossil, Inc.
|
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|---|---|
 |
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| legal form | Corporation |
| ISIN | US3498821004 |
| founding | 1984 |
| Seat | Richardson , Texas , USA |
| management | Kosta Kartsotis |
| Number of employees | 10,800 worldwide |
| sales | 2,542,000,000 US dollars (2018) |
| Branch | Fashion |
| Website | www.fossil.de |
Fossil, Inc. is a Richardson , Texas , USA based company that specializes in the design, manufacture, marketing and distribution of fashion accessories. The company offers a selection of watches and jewelry for women and men as well as handbags, small leather goods and clothing. It also produces or produced for the brands Diesel , Emporio Armani , DKNY , Burberry , Michael Kors , Marc by Marc Jacobs , adidas , Tory Burch and Karl Lagerfeld , among others . The company is listed on the NASDAQ .
In addition to 400 own stores worldwide and sales in e-commerce , the products are sold in department stores as well as in watch and jewelry shops. The group employs around 13,000 people worldwide, including around 1,500 in Germany. The German headquarters of Fossil (Europe) GmbH is located in Grabenstätt in Upper Bavaria . The European headquarters of the Fossil Group is located in Basel , Switzerland .
Acquisitions
The company has made the following acquisitions in recent years:
- 2001: Acquisition of the Zodiac brand from Genender International for approximately $ 4.7 million. Zodiac was a Swiss watch brand founded in 1882. Fossil thus gained access to the Swiss market for the first time.
- 2004: Takeover of the Swiss watch brand Michele by taking over Tempus International Corp for approx. 50 million US dollars. Supplement to the watch portfolio in the design segment.
- 2007: Takeover of Watch Station International , a watch retailer with global sales, from Sunglass Hut , which in turn is part of the Luxottica Group.
- 2012: Acquired Skagen Designs for approximately $ 225 million and 150,000 Fossil shares. Skagen is an established watch and jewelry brand with Danish design and will be continued as a private label.
- 2013: Fossil takes over Latin American distribution business from partner Bentrani Watches, LLC of Miami , Florida .
- 2015: Fossil takes over the wearable computing provider Misfit Wearables from Burlingame , California for approx. 241 million euros and wants to integrate the Misfit technology into the watches of the various brands of the Fossil Group.
Web links
- The Fossil Group website (English)
Individual evidence
- ^ Fossil Inc stock. Retrieved June 21, 2019 .
- ↑ Angela Borner: The Fossil Group moves into its new headquarters in Basel. March 16, 2016, accessed January 7, 2019 .
- ↑ Quarterly report of the Fossil Group with details on the Zodiac acquisition. Retrieved November 11, 2016 .
- ↑ Fossil takes over the Zodiac brand. vintagezodiacs.com, accessed November 11, 2016 .
- ^ Fossil Goes High-End: Buys Michele Watches And Digs a New Niche. March 24, 2004, accessed January 7, 2019 .
- ^ Note on the acquisition of Watch Station in the Fossil Group's annual report. Retrieved November 11, 2016 .
- ↑ FOSSIL Inc. takes over Skagen Designs Ltd. January 10, 2012, accessed November 11, 2016 .
- ↑ Fossil takes over Bentrani Watches business. January 10, 2013, accessed November 11, 2016 .
- ↑ Fossil takes over Misfit Wearables. welt.de, November 13, 2015, accessed on November 11, 2016 .