Fossil Group, Inc.
FOSLFossil 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 stock is experiencing insider buying and potential recovery, with significant debt restructuring and improved operational quality positioning the company for potential earnings rebound in 2025.
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.
Fossil Group extended its Exchange Offer and Consent Solicitation for 7.00% Senior Notes until October 22, 2025. The company is proceeding with a UK restructuring plan, with a creditors' meeting scheduled for November 6, 2025, and addressed a media report about a potential IPO in India.
Fossil Group is pursuing a restructuring plan for its 7.00% Senior Notes due 2026, with a court hearing scheduled for October 15, 2025, to seek approval for a single class meeting of note holders.
Fossil Group initiated a complex financial restructuring involving an exchange offer for its senior notes, a consent solicitation, and a rights offering to modify its debt structure and raise new capital through first and second-lien secured notes and warrants.
