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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 ...
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.
The company was originally established in Seattle in 1897 as C.C. Filson's Pioneer Alaska Clothing and Blanket Manufacturers to meet the needs of prospectors passing through Seattle on their way to the Klondike Gold Rush; as of 2012 the brand is owned by Fossil Group founder Tom Kartsotis, who also created Shinola Detroit. [1]
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The Dutch designer’s sculptural, otherworldly couture is worn by the likes of Beyoncé, Lady Gaga, Tilda Swinton and Bjork.
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.
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