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In 2012, Fossil, Inc. agreed to purchase Skagen Designs and some of its partners for approximately $225 million in cash and 150,000 Fossil shares. The total value paid by Fossil would be approximately $236.8 million. [12] [13] In early 2013, Fossil introduced their upscale and more expensive "Fossil Swiss" line of watches which are made in ...
In the 2000s, the company began to license its brand to other retail manufacturers, in order to create new product categories. These lines included the sunglasses line Diesel Eyewear in partnership with Marcolin, the jewels and watches line Diesel Watches in partnership with Fossil, [48] the fragrance line in partnership with L'Oréal. [49]
In 1994, Timex acquired the Nautica Watches license and introduced Timex Data Link. The Data Link PDA-type watch could receive contact and scheduling information from a sequence in a computer monitor's light using software developed with Microsoft. [34] They introduced the Timex Expedition brand in 1997, designed for rugged outdoor sports.
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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]
Anthony Farrer, owner of the Timepiece Gentleman in Beverly Hills, pleads guilty to two counts of fraud after a swindling customers out of $5.6 million.
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