Fossil Group

Fossil Group, Inc.
Company typePublic
NasdaqFOSL
IndustryFashion
Founded1984 (1984) (as Overseas Products)
FounderTom Kartsotis[1]
HeadquartersRichardson, Texas, U.S.
Number of locations
364[2]
Key people
Kosta Kartsotis (chairman & CEO)
ProductsWatches, Wallets, Jewelry, Perfume, Leather products
RevenueDecrease US$2.21 billion (2019)[3]
Decrease US$−28.3 million (2019)[3]
Decrease US$−52.3 million (2019)[3]
Total assetsIncrease US$1.60 billion (2019)[3]
Total equityDecrease US$503 million (2019)[3]
Number of employees
7500 (2021)
Websitefossilgroup.com
Fossil store, Oxford Street, London, 2016

Fossil Group, Inc., is an American fashion designer and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. 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.[4]

Kosta Kartsotis, brother of Tom Kartsotis and CEO, owns approximately 12.5% of Fossil stock. The company name is the nickname the brothers gave their father.[5]

  1. ^ "Fossil Company History", Funding Universe
  2. ^ "Fossil 2010 Annual Report" (PDF). Archived from the original (PDF) on 2011-09-27. Retrieved 2011-07-18.
  3. ^ a b c d e Fossil Group Financial Statements (PDF), Fossil Group, 27 February 2020, retrieved 28 February 2020
  4. ^ "Fossil Group - Brands". Retrieved 2017-10-12.
  5. ^ McHugh, Josh, "Wrist-Top Revolution: How fashion watchmaker Fossil teamed up with Microsoft and Palm to change the face of wearable computing", Wired, Issue 11.04, April 2003.

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