Business News

Fossil Group welcomes back Sunil Doshi

Fossil Group, Inc. Welcomes Finance Veteran Sunil Doshi to the role of Senior Vice President, Global Finance and Accounting, and Chief Accounting Officer

We are excited to announce that Sunil Doshi has joined the company’s leadership team as Senior Vice President, Global Finance and Accounting, and Chief Accounting Officer effective June 15. He joins us with over 20 years of experience and most recently served as Chief Financial Officer at Mitra QSR. Prior to that, he was Chief Financial Officer of Zoës Kitchen and held various senior finance roles with Limited Brands.

“I am looking forward to Sunil rejoining Fossil Group to lead our Finance and Accounting teams,” said Jeff Boyer, Chief Operating Officer and CFO. “As we continue to push our business forward during a challenging time, we are confident that his business acumen and financial leadership, as well as his comprehensive knowledge of the Fossil Group organization, will be extremely valuable to help us strengthen and optimize our business.”
Read the Full Press Release
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Fossil Group, Inc. Establishes Office of the Chairman, Expands Responsibilities of Key Executives

Today, Fossil Group announced that the Company has established an Office of the Chairman to drive greater agility in responding to changing market conditions as well as develop Fossil Group’s long-term strategic roadmap. The Company also announced that, effective immediately, Chief Financial Officer and Treasurer Jeff Boyer has been appointed to the additional role of Chief Operating Officer and Greg McKelvey will expand his role as Executive Vice President and Chief Commercial Officer.

Says Kosta Kartsotis, Chairman and Chief Executive Officer, “Both Jeff and Greg have made significant contributions to the business over the past several years. As we continue to drive the business forward, we will remain nimble and continue to act with purpose as we seek to deliver long-term value to our employees, customers, and shareholders.”
Read the Full Press Release

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Fossil Innovates the Holistic Guest Experience

Fossil was recently recognized for its excellence by Newsweek’s ranking of America’s Best Customer Service 2019. Specifically, Fossil ranked second in the Fashion Jewelry & Accessories Retailer category, a powerful affirmation that our hard work is paying off. Globally, we strive to consistently delight every guest that enters a store—to uncover their needs, give them time and space to explore, act as their style guide, and engage them in warm, meaningful interaction.


Fossil was recently recognized for its excellence by Newsweek’s ranking of America’s Best Customer Service 2020, in the Fashion Jewelry & Accessories Retailer category. A powerful affirmation that our commitment to the guest experience stands out to those that we serve.

“It’s an honor to be recognized by Newsweek, as we strive to provide products that are fashionable and innovative in an environment that is open to all. The level of personalization that is available in our interactive store experience is as unique as each of the guests we serve, and I thank all of our employees for their commitment to making this happen.”Matt Tressler, SVP Global Retail, Fossil Group

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We Are Thrilled To Welcome Kim Harris Jones To Our Board of Directors

Kim Harris Jones joins Fossil Group’s Board of Directors on October 15, 2019. Kim brings a wealth of industry knowledge with noteworthy financial and business acumen.

Says CEO and Chairman, Kosta Kartsotis: “Kim brings an extensive amount of financial experience to our board having served as a senior finance executive with several multinational corporations. We are excited to add her viewpoints and skills to the board, as we execute on our strategic priorities and long-term goal of delivering sales growth and improved profitability.”

Says Kim: “I’m honored and excited to join the Fossil Group Board of Directors. I look forward to contributing to this strong team of directors and working with a company with a great history and bright future.”
Read the Full Press Release
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Fossil Group Launches Exclusive Smartwatch Capabilities

Fossil Group Launches Exclusive Smartwatch Capabilities within Wear OS by Google™ Platform – Multi-Day Battery Life and Tethered iPhone Calls

NextGen Smartwatches Launch Today, New Hybrid Smartwatches Available Fall/Holiday 2019


Fossil Group, Inc. today announced proprietary nextgen touchscreen smartwatch technology and the latest evolution in hybrid smartwatches.

“We’ve made multi-day battery life for touchscreen smartwatches possible with one touch – a disruptor for smartwatches on the Wear OS by Google platform. And, we’re leading the industry on Wear OS by Google by enabling tethered phone calls for iPhone users,” said Fossil Group Executive Vice President and Chief Commercial Officer Greg McKelvey. “Both advancements are the result of our unrelenting focus on advancing wearable technology. We’ll continue to integrate the latest tech features our customers need with the styles they love.”

With innovative designs and enhanced capabilities, Fossil Group’s latest smartwatch technology simply delivers. The sleek and modern nextgen smartwatches will be available starting today from Fossil brand and this fall/holiday season from three other to-be-named Fossil Group brands. These new products will be Fossil Group’s most advanced smartwatches ever, thanks to new features including:

  • Extended Battery Life: An exclusive app offers one-swipe access to four battery modes – Daily, Extended, Time-only and Custom. Extended battery mode unlocks multi-day usage by keeping on essential features such as notifications and heart rate on a single, one-hour charge
  • Voice Calling: A newly-added speaker and a Fossil Group proprietary app launching later this Fall enables iPhone users to make and receive calls while tethered to their phones; all other users are immediately able to make and receive tethered voice calls from the nextgen smartwatches. With the launch of this app, Android users will be able to benefit from a more seamless transition between Bluetooth devices when taking calls
    from their smartwatch
  • Microphone and Swimproof Speaker: A swimproof speaker eliminates the need for an additional sound-dampening mesh barrier to keep out water; smartwatch users can get things done with help from Google Assistant and hear responses back, take phone calls, get audible alerts, play music and more
  • Increased Storage: Tech enhancements double the storage space (to 8GB) and memory (to 1GB RAM), allowing users to download more apps and media while enhancing performance
  • Experiences: Leveraging the enhanced storage, Fossil Group is auto-installing apps – such as Cardiogram, Spotify, Noonlight – to select nextgen smartwatches
  • Processor: An updated processor features the latest Qualcomm® Snapdragon Wear™ 3100 platform

“We’re closely aligned with our partners at Google to ensure we’re constantly iterating within the Wear OS by Google platform to deliver the most desired smartwatch features and benefits,” said McKelvey. “We listened to our customers and knew that longer battery life and tethered iPhone calls were essential in our nextgen products.”

In addition to new touchscreen smartwatch innovations, Fossil Group will introduce a new category of hybrid smartwatches this fall/holiday seasons. Ultimately filling an identified gap in the wearables market, this new category of hybrid smartwatches has functionality similar to a touchscreen smartwatch with the look and feel of a classic watch, while still offering long battery life.

Fossil Group, with over $400 million in wearable device sales in 2018, will launch more than 100 new smartwatch styles across 10 brands this 2019 fall/holiday retail season. Brands and specific styles will be revealed throughout the season. To learn more, visit www.fossilgroup.com.

Google and Wear OS by Google are trademarks of Google LLC.


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Brands In The News: Q2 2019

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The Future Is Smart

Fossil Group Enters Agreement To Sell Select Smartwatch Technology To Google

Transaction Unlocks Growth Opportunities for Fossil Group’s Wearables Business

Today, Fossil Group announced its plan to sell to Google for $40 million intellectual property (IP) related to a smartwatch technology currently under development by Fossil Group. As part of the transaction, a portion of Fossil Group’s research and development (R&D) team currently supporting the transferring IP will join Google. Fossil Group retains more than 200 R&D team members to focus on innovation and product development.

The transaction showcases Fossil Group and Google’s shared investment in the wearables industry. In recent years, smartwatches have become Fossil Group’s fastest growing category. The company successfully developed and launched smartwatches across 14 of its owned and licensed brands. 

“Fossil Group has experienced significant success in its wearables business by focusing on product design and development informed by our strong understanding of consumers’ needs and style preferences,” said Greg McKelvey, Executive Vice President and Chief Strategy and Digital Officer, Fossil Group.

“We’ve built and advanced a technology that has the potential to improve upon our existing platform of smartwatches. Together with Google, our innovation partner, we’ll continue to unlock growth in wearables.”

“Wearables, built for wellness, simplicity, personalization and helpfulness, have the opportunity to improve lives by bringing users the information and insights they need quickly, at a glance. The addition of Fossil Group’s technology and team to Google demonstrates our commitment to the wearables industry by enabling a diverse portfolio of smartwatches and supporting the ever-evolving needs of the vitality-seeking, on-the-go consumer,” said Stacey Burr, Vice President of Product Management, Wear OS by Google.

The transaction is expected to close this month.


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Fossil Brand Leader Recognized For Sparking Business Innovation And Growth

AdWeek announces its line-up of “Dallas Brand Stars” honoring a collection of global powerhouses who are helping shape the future of Dallas.

Fossil’s Vice President of Global Brand Marketing, Adele Weber, balances the brand marketing, digital marketing and creative teams across Fossil Group’s company-owned brands. Being named as one of AdWeek’s “Dallas Brand Stars,” Weber is helping drive one of today’s most dynamic hubs for business and innovation, while also keeping it true to its roots that made it such a hotbed of growth and success.

“Marketing is changing by the minute. It’s important to stay on top of everything and not lose sight of what is happening around us. We’re navigating a changing landscape. This challenge makes the job fun.”Adele Weber

To learn more about AdWeek’s “Dallas Brand Stars,” and how Weber, and others like her, are driving success, visit: https://www.adweek.com/brand-marketing/dallas-brand-stars-2018/#/

Beth Moeri joins Fossil Group's executive leadership

Fossil Group Names Beth Moeri to Executive Leadership Team

RICHARDSON, Texas — Nov. 28, 2018 — Fossil Group, Inc. (NASDAQ: FOSL) announced today that Beth Moeri has joined the company’s executive leadership team as Executive Vice President, Portfolio Brands. She will be responsible for the management of Fossil Group’s diverse portfolio of licensed brands for watches and jewelry, including Armani Exchange, Emporio Armani, Diesel, kate spade new york, Michael Kors,Tory Burch and more. An award-winning business leader, Moeri brings more than 25 years of lifestyle brand experience and a passion for merchandising and innovation to Fossil Group.

“With Beth joining our team, we will deepen and grow relationships and connections with our customers,” said Kosta Kartsotis, chief executive officer of Fossil Group. “Her ability to immerse herself in brands, her extensive experience in the accessories industry and her results-driven leadership style will profoundly strengthen Fossil Group.”

Moeri has more than 20 years experience in both fine and fashion jewelry and most recently served as the chief merchandising officer for Pandora Jewelry. Her leadership has spanned retail, wholesale management, license development and supplier management within several organizations.

“Fossil Group is leading the transformation of the watch and jewelry industry with innovation and unparalleled designs,” said Moeri. “The inclusive, collaborative and innovative culture at Fossil Group aligns tremendously with my personal work style, and I look forward to contributing to our growth and success.”

A graduate of University of Missouri-Columbia, Moeri is also a dedicated supporter of women in her local community. She champions charitable organizations that provide women with access to healthcare and mentorship opportunities.

About Fossil Group, Inc.
Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include fashion watches, jewelry, handbags, small leather goods and wearables. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Misfit, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, BMW, Chaps, Diesel, DKNY, Emporio Armani, kate spade new york, Marc Jacobs, Michael Kors, PUMA and Tory Burch. We bring each brand story to life through an extensive wholesale distribution network across approximately 150 countries and 500 retail locations. Certain press release and SEC filing information concerning the Company is also available at www.fossilgroup.com.

Introducing new generation Fossil smartwatches Fall 2018

Fossil Group Launches New Heart Rate Tracking Smartwatches

Meet the next generation line-up of Fossil Group wearables. Compatible with both iPhone® and Android™ phones, these new touchscreen smartwatches include heart rate tracking, swim proof design, NFC payments and untethered, built-in GPS.

Get in ‘touch’ with what each brand has to offer.



Fossil: IT’S NOT NEXT GEN. IT’S BEST GEN.

The fourth generation of the Fossil Q smartwatch proves you can have both fashion and function. With brand new faces just in time for your seasonal refresh, this collection delivers instant notifications and fitness-based functions so you can take your workouts to the next level.

Shop the New Fossil Q →

  • Mandy Moore models new heart rate tracking Fossil Touchscreen Smartwatch the Q Venture
  • KJ Apa models new heart rate tracking Fossil Touchscreen Smartwatch the Q Explorist
  • Izzy Bizu models new heart rate tracking Fossil Touchscreen Smartwatch the Q Venture

Skagen: THE FALSTER 2.0

Taking the same minimalist design approach as its award-winning predecessor, the Falster 2 – which debuted in January 2018 at CES – offers more available features without sacrificing the pared-down, life-simplifying ethos of the original.

Shop the Skagen Falster 2.0 →

Michael Kors: Runway Ready

Michael Kors announces the return of its iconic Runway platform as an innovative smartwatch—a fresh, eye-catching addition to the popular Access collection. In the next evolution, the Runway offers a highly personalized experience with new functionality and a sporty silicone-strapped style—perfect for those who want to transition from a workout to a night out with ease.

Shop Michael Kors Smartwatches →

Diesel: Real Time. Real You.

Diesel takes its wearable technology up a notch with the premium Full Guard 2.5. Elevated materials like the colored anodized aluminum make this touchscreen smartwatch lighter without sacrificing durability. The brand also introduces more innovative UX|UI advancements to support features like real-time notifications, the popular dial effects and more.

Shop Diesel Smartwatches →

Meet the next generation line-up of Fossil Group wearables! Compatible with both iPhone® and Android™ phones, these new touchscreen smartwatches include exciting functionality like heart rate tracking, swim proof design, NFC payments and untethered, built-in GPS.

Get in ‘touch’ with what each brand has to offer!



FOSSIL: IT’S NOT NEXT GEN. IT’S BEST GEN.

The fourth generation of the Fossil Q smartwatch proves you can have both fashion and function. With fresh new faces just in time for your seasonal refresh, this collection delivers instant notifications and fitness-based functions so you can take your workouts to the next level.

Shop the New Fossil Q →

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SKAGEN: THE FALSTER 2.0

Boasting the same minimalist design approach as its award-winning predecessor, the Falster 2 – which debuted in January 2018 at CES – offers more available features without sacrificing the pared-down, life-simplifying ethos of the original.

Shop the Skagen Falster 2.0 →

Michael Kors: Runway Ready

Michael Kors announces the return of its iconic Runway platform as an innovative smartwatch—a fresh, eye-catching addition to the popular Access collection. In the next evolution, the Runway offers a highly personalized experience with new functionality and a sporty silicone-strapped style—perfect for those who want to transition from a workout to a night out with ease.

Shop Michael Kors Smartwatches →

Diesel: Real Time. Real You.

Diesel takes its wearable technology up a notch with the premium Full Guard 2.5. Elevated materials like the colored anodized aluminum make this touchscreen smartwatch lighter without sacrificing durability. The brand also introduces more innovative UX|UI advancements to support features like real-time notifications, the popular dial effects and more.

Shop Diesel Smartwatches →

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Fossil Group Announces Latest Smartwatch Portfolio

BERLIN – Sept. 4, 2018 – Fossil Group’s latest smartwatch portfolio will offer more than 250 smartwatch styles from major fashion brands this holiday season. With Wear OS by GoogleTM -powered touchscreen smartwatches launching throughout the fall and holiday season, Fossil Group offers the most distinct, functional and fashionable smartwatches for the style-conscious consumer who desires connectivity, yet resists conformity.

This week at IFA – The Global Innovation Show – Fossil Group demonstrated new touchscreen smartwatches from major fashion brands including Diesel, Emporio Armani, Fossil, Michael Kors, Skagen, and more. With wearables from 14 brands, the company’s hybrid and touchscreen smartwatches meet the personal style of consumers with a variety of dials, cases, colors, metals, straps, branding and features. The company’s fall and holiday collections comprise the largest and most diverse array of wearables in the industry.

BMW partners with Fossil Group for Watches and Smartwatches through 2023

Fossil Group and BMW Group Gear Up For Watch & Smartwatch Partnership

Fossil Group is proud to announce a global licensing agreement with one of the most recognizable car brands in the world: BMW. In collaboration with the iconic global company, Fossil Group will design and manufacture BMW-branded watches and smartwatches through 2023.

“BMW is one of the most iconic brands in the world. We look forward to bringing our watch design expertise and smartwatch capabilities to BMW enthusiasts around the world.”Kosta Kartsotis, Chairman and Chief Executive Officer, Fossil Group

The BMW Group agreement is the first automotive brand license for Fossil Group. New accessories will be introduced in 2019 and sold globally in more than 4,000 BMW retail channels, as well as throughout a variety of key retailers in Fossil Group’s extensive global network.

Read more about the partnership here.


Fossil Group is awarded for 20% of women on board

Fossil Group Recognized For Female Board Leadership

The 2020 Women on Boards—a national campaign to increase the number of women on corporate boards to 20% by 2020—recognized Fossil Group as a Winning “W” Company for its seventh consecutive year.

The Women’s Forum of New York also deemed Fossil Group one of its 2017 Corporate Champions because of the company’s commitment to good corporate governance and providing opportunities for women in the workplace.

Our female board members are extraordinary leaders who are committed to both business and social impact. We asked each leader what they make time for in order to build a better future for all.


“I make time to help, mentor and empower female leaders—together with men we will make this world a better place.”
Gail Tifford, Chief Brand Officer at Weight Watchers

“I make time to get involved in my community through non-profits that help young people and the environment. Creating opportunities for young people to connect and spend time in nature benefits them and society.”
Diane Neal, Former CEO of Sur La Table, Inc.

“I’m very committed to helping get more women into STEM fields and leadership roles. I work closely with several organizations to level the playing field and bring women and girls more opportunities to succeed.”
Mauria Finley, Founder & CEO of Allume

Fossil Group is committed to becoming a leader in women’s empowerment by 2020, and creating opportunity for women around the globe. To learn more about our Opportunity for Her commitment, click here.


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Fossil Group and Google Hit the Accelerator on Fashion-First Smartwatches

BERLIN – Aug. 30, 2017 – Fossil Group (NASDAQ: FOSL) announced today, ahead of IFA® 2017, a massive expansion of its wearables business. In 2018, Fossil Group will add new brands to its touchscreen smartwatch lineup powered by Google’s Android WearTM. This is in addition to the five current brands – Diesel, Emporio Armani, Fossil, Michael Kors and Misfit – that will offer customers new, full-round touchscreen smartwatches in time for fall and holiday 2017.


In the last 12 months, Fossil Group doubled its points of distribution for its connected devices and more than doubled its sales of wearables. Google continues to be a key strategic partner for the company, supporting the expansion of products powered by Android Wear 2.0. The expansion announcement further cements Fossil Group and Google as leaders in fashion-first smartwatches.

Read the Full Release


Fossil Group releases new full-round touchscreen smartwatches for Diesel, Emporio Armani, Fossil Q, Michael Kors and Misfit
 
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Fossil Group Reimagines the Watch

BASEL, Switzerland – March 23, 2017 – Fossil Group (NASDAQ: FOSL) will launch more than 300 connected watch styles across 14 brands in 2017, the company announced today. From slimmer and smaller hybrid smartwatches to full-round touchscreen smartwatches with custom AMOLED displays and branded micro-apps, this unprecedented portfolio of fashion-first tech accessories makes one thing clear: By reimagining the watch experience, Fossil Group has, quite simply, reinvented the watch.

Fossil Group is showcasing its latest designs at its European Headquarters in Basel, Switzerland during Baselworld, the world’s leading watch and jewelry fair.

Read the full release…