Skagen Denmark

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Skagen Denmark

Company type	Subsidiary of Fossil Inc., (NASDAQ: FOSL)
Founded	1989
Headquarters	Richardson, Texas (HQ), Hong Kong (Asia Pacific HQ), and Albertslund, Denmark (Europe HQ)[citation needed]
Key people	Charlotte Jorst (Co-founder, President)[1] Henrik Jorst (Co-Founder)[1] Steen Albrechtslund (Group Managing Director)[1]
Products	Wristwatches, handbags,[citation needed] jewelry, and other personal durable goods
Website	skagen.com

Skagen Denmark is an American brand, initially of watches, of Skagen Designs Ltd. (a subsidiary of Fossil), that has grown into being a wider American contemporary accessories brand based on Danish design. As of spring 2015, its product lines include watches, handbags, jewelry, and other durable personal goods, the majority of which aimed at the mid-range. Named for Skagen, a Jutland peninsula and Denmark's northernmost town, Skagen Designs Ltd. was purchased in 2012 by Fossil, for stock and cash in transaction totaling approximately US$237 million, and it continues to operate as a wholly owned subsidiary under its parent, continuing the traditional brand name Skagen Denmark. Starting in New York, then in Lake Tahoe and Reno, Nevada, Skagen Designs Ltd. operations are overseen from Richardson, Texas, near Dallas, in the United States.