FOSSIL news and archive

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...

Business

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 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,...

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...