Fossil Group, Inc. 7% Senior Notes due 2026
FOSLL
NASDAQ Global Select17.01
USD
+0.03
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Fossil Group, Inc. 7% Senior Notes due 2026
FOSLL
(NASDAQ Global Select)
Recent
price
17.01
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Fossil Group, Inc. is a global design, marketing, distribution, and innovation company specializing in lifestyle accessories. The company offers a diverse portfolio of products including fashion watches, jewelry, handbags, small leather goods, belts, sunglasses, and wearables. Its owned brands include Fossil, Michele, Relic, Skagen, and Zodiac, while its licensed brands encompass Armani Exchange, Diesel, Emporio Armani, kate spade new york, Michael Kors, Tory Burch, and others. Fossil Group serves customers worldwide through approximately 30,000 points of distribution across more than 150 countries, supported by about 450 company-owned retail locations. Headquartered in Richardson, Texas, the company was founded in 1984. Recent major changes include the launch of a new Fossil brand platform in 2024 aimed at refocusing on core business operations and innovation in watches and accessories. The company has undertaken a significant turnaround plan emphasizing three pillars: refocusing core brand initiatives, rightsizing the cost structure, and strengthening the balance sheet. This plan includes optimizing the global wholesale footprint, enhancing channel profitability, reducing selling, general, and administrative expenses by approximately $100 million annually via workforce reductions and retail store closures, and transitioning select international markets to a distributor model. Additionally, Fossil completed its TAG Plan that generated $280 million in annualized operating income benefits over two years, including $155 million in 2024. Notably, Fossil exited the smartwatch category and closed its Swiss manufacturing operations as part of restructuring efforts. Fossil Group’s operations span the Americas, Europe, and Asia, with design studios in Switzerland, manufacturing facilities in China, and distribution centers in Dallas, Germany, and Asia. The company maintains a strong commitment to innovation, digital channel growth, and brand management to drive future growth despite retail challenges. Leadership changes during 2024 included the departure of the Chief Operating Officer as part of streamlining operations under the strategic "Transform and Grow" initiative. Fossil Group continues working with advisors on a strategic review of its business model and capital structure to sustain its turnaround and growth trajectory. This comprehensive corporate profile highlights Fossil Group's multifaceted product offerings, ongoing strategic initiatives, and global market presence along with recent operational and organizational developments.