Fossil Group, Inc. (FOSL)
Fossil Group, Inc. is an American designer, marketer, and distributor of fashion accessories primarily focused on watches, jewelry, and leather goods. Founded in 1984, the company is known for its innovative approach to combining traditional craftsmanship with modern fashion trends. Fossil offers a diverse range of products under various brand licenses, including its own Fossil brand, as well as licensed brands like Michael Kors, Skagen, and Emporio Armani. The company operates globally through retail stores, department stores, and e-commerce channels.
Company News
Fossil Group extended its exchange offer for senior notes after receiving 82.67% of valid tenders, falling short of the 90% minimum requirement. The company will proceed with a UK restructuring plan and has amended the notes' governing law to English jurisdiction.
Discover why Zacks rates Fossil with a "Neutral" recommendation, being the first on Wall Street to initiate coverage on the stock. Explore Fossil's strategic TAG plan, financial resilience and market positioning amid challenges in the competitive fashion accessory industry.
Shares of fashion brand Fossil Group Inc. jumped 8.5% in after-hours trading Wednesday after Kosta Kartsotis stepped down as chief executive and the company announced a strategic review amid pressure from an activist investor.
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