Fossil news and archive

Fossil Inc. sells its smartwatch technology to Google: stock soars

New York - The American group of watches and accessories Fossil Inc. has just announced the sale of its technology for the manufacture of smartwatches to Google. As announced on Thursday evening via statement, the deal includes Fossil’s intellectual property and part of the research and development team. The sale has been closed for around 35...

Business

Fossil Group to make watches and smartwatches for BMW

Fossil Group Inc. has signed a global licensing agreement with car manufacturer BMW for the design, development and distribution of watches and smartwatches carrying the BMW brand. “BMW is one of the most iconic brands in the world”, said Kosta Kartsotis, Chairman and Chief Executive Officer of the Fossil Group, in a statement. “We look forward...

Report

Fossil and Puma Team-up for Smartwatches

Lifestyle accessories specialist, Fossil Group has announced that it has signed a partnership agreement with sportswear brand Puma, for the design, development and distribution of Puma-branded watches and smartwatches through 2028. The first pieces of the collaboration scheduled to hit the market next year. The two brands will collaborate on the...

Report

Fossil’s sales’ 13 percent dip tanks stock’s price by almost 4 percent

Fossil Group Cmn Stk (NASDAQ:FOSL) got the market talking Tuesday after noting a value decrease of -3.78 percent in the last trading session. The stock’s closing price of 11.2 dollars triggered an unusual volume of shares changing hands. A total of 2.27 million shares exchanged hands during the intra-day trade compared with its average trading...

ManagementFeatured

Fossil Group posts decline in Q4 and FY16 revenue

In the fourth quarter, Fossil Group said that the stronger US dollar negatively impacted net sales by 18.3 million dollars, resulting in a decrease of 3 percent or 2 percent on a constant currency basis. For fiscal year 2016, the company said, impact from the strong US dollar negatively impacted net sales by 45.4 million dollars, resulting in...

Fashion

Fossil Group to double wearables in 2017

London - Fossil Group, which includes its namesake Fossil brand, Armani Exchange, Skagen and Mifit, has announced that it is doubling its wearables in 2017 to more than 300 products. In an announcement at the Consumer Electronics Show (CES) in Las Vegas, Fossil stated that they will be adding new brands, new designs and smaller hybrid...

Retail

Fossil looks at India as a strong market for the brand

American fashion brand Fossil feels India is a great market for its smart watch collection. The new smart watch from Fossil connects to a smart phone and acts as personal assistant, with voice-based text inputs, internet search, alerts for e-mails, WhatsApp along with the ability to respond to messages with preset text or voice-based inputs. It...

Fashion Featured

Fossil Group to launch wearables for eight brands in 40 countries

London - Fossil Group, the watch, jewellery and accessories manufacturer for brands including Michael Kors and Kate Spade, is set to launch wearables for eight brands in 40 countries this year. The announcement was made during Baselworld with Fossil confirming that it will launch 100 wearable products in 2016 for eight brands - Chaps, Diesel,...

ManagementFeatured

Brits embraced wearable tech in 2015 as sales boomed 118 percent

Good news for Fossil Group and wearable tech advocates alike: UK consumers are slowly but surely warming up to wearable technology, as research reveals to be 2015 a pivotal point in the sale of wearable devices such as smartwatches and fitness bands. Over 3 million wrist-worn smart devices are estimated to have been sold in the country in 2015,...

Retail

Tory Burch reorganization leads to company redundancies

Over 100 employees at US fashion label Tory Burch were made redundant last week, following a company wide restructuring scheme. Tory Burch, which is led by its eponymous founder, is said to be investing heavily into new business areas, such as Tory Sport, as well as external categories such as watches and fragrances, which are under license to...

BusinessFeatured

Fossil acquires Misfit beginning wearable consolidation

Fossil Group has acquired wearable technology innovator Misfit. Last Friday Fossil Group announced that they had entered a definitive agreement to acquire Mistfit, Inc. Misfit in known for their wearable technology and fashionable devices. In the wake of attempting to compete with Apple's smartwatch, Fossil Group is seeking ways to try and make...

Fashion Featured

Fashion continuing to transform in the digital and technology era

New York - Just when it doesn’t seem like this age couldn’t get any more digital or technology focused, a new phone app, iPhone, or e-commerce operation pops up. There are few things that can survive without technology in this day and age, including fashion. Fashion publications have been investing heavily in their digital operations, luxury...