# Fossil Group, Inc.

> Fossil Group is a Richardson, Texas-based design, manufacturing, licensing and distribution company best known for watches. It sells its own Fossil, Skagen, Michele, Relic and Zodiac brands while translating fashion names including Michael Kors, Emporio Armani, Diesel and Tory Burch into watches and jewelry. After years of shrinking sales and a retreat from connected watches, the public company is rebuilding around traditional timepieces, full-price selling, wholesale relationships and a leaner global footprint.

- **Founded:** 1984
- **Headquarters:** Richardson, United States
- **Founders:** Tom Kartsotis (Founder)
- **Team size:** Approximately 4,500 employees as of January 3, 2026, including about 3,200 outside the United States.
- **Products:** Traditional watches, Jewelry, Leather goods, Eyewear, Brand licensing platform
- **Notable:** Built a portfolio spanning owned brands Fossil, Skagen, Michele, Relic and Zodiac plus major global licenses., Reached approximately 132 countries and more than 30,000 points of distribution., Generated $1.004 billion in fiscal 2025 net sales, with watches accounting for 82.3%.

## Products & services

- **Traditional watches** — Fashion and lifestyle watches sold under owned and licensed brands; the category represented 81.1% of fiscal 2025 net sales.
- **Jewelry** — Jewelry under Fossil, Skagen and selected licensed brands including Diesel, Emporio Armani and Michael Kors.
- **Leather goods** — Fossil handbags, small leather goods and belts sold through retail, wholesale and e-commerce channels.
- **Eyewear** — Fossil-branded sunglasses and optical frames produced under a worldwide license with Safilo Group.
- **Brand licensing platform** — Design, sourcing, manufacturing, marketing and global distribution for fashion partners' watches and, for certain brands, jewelry.
- **Direct-to-consumer retail** — Owned e-commerce properties and 199 company-owned retail and outlet stores at the end of fiscal 2025.

## Achievements

- Built a portfolio spanning owned brands Fossil, Skagen, Michele, Relic and Zodiac plus major global licenses.
- Reached approximately 132 countries and more than 30,000 points of distribution.
- Generated $1.004 billion in fiscal 2025 net sales, with watches accounting for 82.3%.
- Improved fiscal 2025 gross margin to 56.1% from 52.2% in 2024.
- Reduced fiscal 2025 SG&A by roughly $100 million year over year.
- Returned to positive operating income in the first quarter of 2026, reporting $12.0 million versus a $6.7 million loss a year earlier.
- Reported a 61.8% reduction in absolute Scope 3 emissions from its 2021 baseline in its 2024 sustainability update.

## Latest updates

- **2026-05** — Reported first-quarter net sales of $224.8 million, a 59.9% gross margin and $12.0 million in operating income; reiterated full-year guidance.
- **2026-03** — Reported fiscal 2025 net sales of $1.004 billion and a gross margin of 56.1%, while outlining a three-year strategy centered on profitable growth, operating-model optimization and shareholder value.
- **2026-02** — Appointed Shannon Freeze as Chief People and Communications Officer, effective February 23, 2026.
- **2025-11** — Completed an exchange offer and rights offering tied to senior notes formerly due in 2026 as part of a broader balance-sheet restructuring.
- **2025-02** — Extended the Michael Kors watch and jewelry licensing agreement through 2027.
- **2024-09** — Franco Fogliato became CEO and began a turnaround focused on the core watch business, costs and the balance sheet.

## Links

- Website: https://www.fossilgroup.com/
- LinkedIn: https://www.linkedin.com/company/fossil
- Twitter/X: https://twitter.com/Fossil
- YouTube: https://www.youtube.com/@Fossil
- Instagram: https://www.instagram.com/fossil/
- Facebook: https://www.facebook.com/fossil.APAC/
- TikTok: https://www.tiktok.com/@fossil

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Profile page: https://yespress.io/fossil-group-inc
Published by YesPress — https://yespress.io
Last updated: 2026-08-15