Kosta kartsotis biography of nancy

Fossil Group

American designer and manufacturer capacity accessories

For the astronomical classification, notice Galaxy group § Fossil Groups.

Fossil Plenty, Inc., is an American course of action design and manufacturer founded collect 1984 by Tom Kartsotis build up based in Richardson, Texas. Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil likewise makes licensed accessories for qualitys such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Technologist, Kate Spade New York, Out for the count Burch, Chaps, and Armani Exchange.[4]

Kosta Kartsotis, brother of Tom Kartsotis and CEO, owns approximately 12.5% of Fossil stock. The observer name is the nickname representation brothers gave their father.[5]

Company history

Fossil was founded in 1984 by the same token Overseas Products International by Put your feet up Kartsotis, a former Texas A&M University student living in City from a suggestion by king older brother, Kosta Kartsotis, clever merchandising executive at Sanger-Harris. Kosta told his younger brother languish the potential large profits ditch could be made in commercialism retail goods made in class Far East, specifically in commerce moderately-priced fashion watches.[1] Their central product was fashion watches understand a retro look. In 1990, they introduced leather goods slipup the Fossil brand, and say publicly Relic line of watches.

Fossil had its initial public present in 1993.[1][6]

Zodiac Watches was unmixed Swiss brand that had anachronistic operating since 1882 when Fogy acquired it from Genender Universal in 2001 for $4.7 million.[7] Fossil's desire to establish far-out Swiss presence led to justness purchase of the Zodiac Clock brand and a complete retooling of that line to reproduce a retro modern 1970s combination in a higher end observe. The 2004 purchase of Michele Watch completed the cycle via offering a high-end Swiss on with a designer flair.[citation needed]

In September 2007, Fossil was malefactor of infringing a patent notorious by Financial Innovations Systems, LLC, in a lawsuit filed modern the Northern District of Texas. The case was settled tail an undisclosed amount and pinkslipped shortly thereafter.[8]

The Watch Station Universal chain was purchased from Luxottica/Sunglass Hut in December 2007.[9][10]

Fossil has design studios in Biel, Schweiz, close to Rolex as pitch as manufacturing facilities in Significant other and distribution centers in Metropolis, Germany, and Asia.[11]

In 2012, Stick-in-the-mud, Inc. agreed to purchase Skagen Designs and some of secure partners for approximately $225 packet in cash and 150,000 Dinosaur shares. The total value render by Fossil would be environing $236.8 million.[12][13]

In early 2013, Fuddy-duddy introduced their upscale and explain expensive "Fossil Swiss" line classic watches which are made draw Switzerland.[14][15]

In November 2015, Fossil borrowed Misfit for $260 million, succeed plans to incorporate Misfit's application into traditional-looking watches.[16]

In 2021, high-mindedness company cut their number tactic employees from 10,200 to 7,500.[17]

In 2022, Fossil Group appointed Lisa Marie Pillette as Senior Degeneracy President and Chief Marketing Officer.[18]

In January 2024, the company declared that it would leave righteousness smartwatch business. [19]

Licensed business

Original Square logo (1985–2015)

Second Fossil logo (2015–2023)

Fossil has had financial success extinct its own brands and that success has led a few of deals for licensed behold lines. In 2001, Fossil collaborated with designer Philippe Starck come to get create the Starck with Dodo watch collection. The collection nature ultra-modern designs and unique movements. Other licensed watch lines stray Fossil designs, manufactures, and distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Sportswear, Technologist, Frank Gehry, Karl Lagerfeld, Slant Burch, Kate Spade, Michael Kors, Callaway Golf, Davis Cup, Marc by Marc Jacobs, Skagen Designs, Michele, and Adidas. When referencing Fossil's watch lines, they bear out generally regarded as a "manufacturer"; Fossil also designs and stock-in-trade their own movements under nobleness Fossil Twist Line.[20]

Special products

In evacuate, the company produces collectibles, dreadful of which are based keep apart popular films or pop courtesy characters. Previous designs include: Superman; Batman; Wonder Woman; Elvis Presley; Pirates of the Caribbean; Flash; Green Lantern; Snoopy, Pokémon; Recognition Wars; Chronicles of Narnia; Cars; The Matrix and Harry Trifle fiddle.

In 2003, the company unbound the "Fossil Wrist PDA" clock computer which is a rise up Palm OS-based PDA worn become visible a watch. In 2006, Dodo released a Caller ID watch.[21]

In 2006, Fossil teamed up acquiesce the National Football League encompass the United States to cause the official watch collection in the vicinity of each team.[22] Fossil also caters to special markets that appraise to customize products.[23]

Websites

Fossil Groups' e-commerce website, , has a destroy of 364 stores as break into the 2010 fiscal year discussion that cut across the false such as Fossil UK, Dodo USA, Fossil India, and uniform in Africa within nations affection Fossil South Africa, and Dodo Nigeria.

Awards

Fossil won awards championing "Most Effective Use of Online Creative" and "Best of Show" awards for the 6th One-year DFWIMA Excellence in Interactive Unveiling (in 2006).[24]

Fossil has also anachronistic voted one of the Relinquish 100 Best Companies to drain for in the U.K incorporate 2013 and 2015.[25]

In 2016, Dodo won Fashion Tech Collection cut into the Year for their detached designer smartwatches and jewellery.[26] Their analog smartwatches and connected 1 span across their licensed makes such as Diesel, Emporio Armani, Michael Kors, and Kate Spade.[27]

References

  1. ^ abc"Fossil Company History", Funding Universe
  2. ^"Fossil 2010 Annual Report"(PDF). Archived be different the original(PDF) on 2011-09-27. Retrieved 2011-07-18.
  3. ^ abcdeFossil Group Financial Statements(PDF), Fossil Group, 27 February 2020, retrieved 28 February 2020
  4. ^"Fossil Remoteness - Brands". Retrieved 2017-10-12.
  5. ^McHugh, Kid, "Wrist-Top Revolution: How fashion shaper Fossil teamed up with Microsoft and Palm to change leadership face of wearable computing", Wired, Issue 11.04, April 2003.
  6. ^Wood, Sean, "Watchmaker Plans IPO to Cache Acquisitions, Expansion", Dallas Business Journal, February 7, 1992, p. 3.
  7. ^"QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934: Presage the quarterly period ended: Oct 6, 2001"
  8. ^"Docket: Defendant: Fossil Inc"
  9. ^"Form 10-K". . Retrieved 2020-09-23.
  10. ^"Canadian Trademarks Details: WATCH STATION INTERNATIONAL — 0879321 - Canadian Trademarks Database - Intellectual property and unmistakable - Canadian Intellectual Property Class - Innovation, Science and Reduced Development Canada".
  11. ^Halkias, Maria, "Fossil watches empire grow: Popular company characters 20th year", The Dallas Dawning News, January 8, 2005
  12. ^Thompson, Steven R., "Fossil to acquire festoon maker for $225M", Dallas Conglomerate Journal, Tuesday, January 10, 2012
  13. ^"Fossil to acquire accessory maker convey $225M", Yahoo! Finance, Zacks Insight Research, Wed, January 11, 2012
  14. ^"Introducing Fossil Swiss", Fossil corporate home page, February 2013.
  15. ^Steigrad, Alexandra, "Fossil Adds Swiss Men's Watches", Women's Clothing Daily, February 7, 2013
  16. ^"Fossil acquires wearable maker Misfit for $260 million", The Verge, November 12, 2015.
  17. ^"What happened to Fossil watches". CNBC. 2021-06-04. Retrieved 2021-06-07.
  18. ^"FOSSIL Coldness, INC. ANNOUNCES THE APPOINTMENT Slow LISA MARIE PILLETTE AS Cheat MARKETING OFFICER". Yahoo! Finance. Retrieved 16 June 2023.
  19. ^Song, Victoria (2024-01-26). "Fossil is quitting smartwatches". The Verge. Retrieved 2024-01-27.
  20. ^FOSSIL Watches, Handbags, Wallets & Clothing: About
  21. ^Segan, Sascha, "Fossil To Sell Caller Unadulterated Watch"Archived 2009-04-14 at the Wayback Machine, PC Magazine, September 28, 2006
  22. ^"Fossil to make NFL watch". 2006-10-04.
  23. ^"Fossil Special Markets Division"Archived 2006-12-02 at the Wayback Machine, Fossil corporate
  24. ^"Excellence in Interactive Marketing Commendation (EIMA)"Archived 2007-01-01 at the Wayback Machine, DFW Dallas-Fort Worth Interchangeable Marketing Association
  25. ^"Accreditation". Best Companies. Retrieved 2020-09-23.
  26. ^"Wareable Tech Awards 2016: Shout the winners revealed". Wareable. 2016-10-27. Retrieved 2020-02-11.
  27. ^"Wareable Tech Awards 2016: All the winners revealed". 27 October 2016. Retrieved October 12, 2017.

Further reading

  • "50 WEALTHIEST GREEKS Get your skates on AMERICA: 26 — KOSTA & TOM KARTSOTIS — $400 Mint — WATCHES & LEATHER ACCESSORIES"Archived 2013-01-16 at the Wayback Connections, The National Herald, February 19, 2011
  • "Fossil – a Vintage Contemplate that Brought Success"Archived 2020-06-29 take care the Wayback Machine, Watchalyzer Watches Magazine.
  • Barrett, William P., "Selling Play on the emotions and Whimsy", Forbes, November 8, 1993, p. 224.
  • Meadus, Amanda, "Fossil Falters but Watches Tick On", WWD, December 11, 1995, p. 8.
  • Strandberg, Keith W., "Fossil, the Great Indweller Watch Company", Europa Star, 3 February 2005

External links

32°58′47″N96°42′09″W / 32.9798°N 96.7025°W / 32.9798; -96.7025