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In early 2013, Fossil introduced their upscale and more expensive "Fossil Swiss" line of watches which are made in Switzerland. [14] [15] In November 2015, Fossil acquired Misfit for $260 million, with plans to incorporate Misfit's technology into traditional-looking watches. [16] In 2021, the company cut their number of employees from 10,200 ...
Shinola began by producing watches with quartz analog movements. [28] The company's first watch was released in March 2013. Produced in an edition of 2,500 and available in two sizes, The Runwell Limited Edition 47mm sold out in one week, with the last 40mm watch selling out in under two weeks.
Tom Kartsotis (left) gives U.S. Secretary of Labor Thomas Perez a tour of a new Shinola location.. Kartsotis is the founder of Fossil Inc. in 1984 and served in roles including Director, President, Chief Executive Officer, Chairman from 1984 to January 2010. [3]
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The development of the Fossil Wrist PDA began in 1999 when engineer Donald Brewer and Fossil Product Manager Jeff Bruneau licensed a read-only version of the Palm OS from Palm Source and tried to make it work in a watch. [1] For the first year of development, Brewer struggled to make the watch small enough to be wearable.
1992 — Jorsts sell watches for first time under their own brand name achieving annual sales [4] of US $800,000. 1993 — Jorsts moves from New York to Nevada for tax and personal reasons, still running company without employees. 1995 — New York department store Bloomingdale's agrees to trial period, selling their watches.