Kosta N. Kartsotis
Chairman & CEO
Jeffrey N. Boyer
Executive VP, CFO & Treasurer
John A. White
Executive VP & COO
Fossil was founded in the year 1984. The company has been operational for almost 35 years now. The founder of the company was Tom Kartsotis. The former name of the company was Overseas Products International. The founder of the company was a former student of the Texas A&M University and was living in Dallas, Texas, USA. The company's main product was fashion watches with a retro look. In the year 1990, the company started to introduce leather goods under the Fossil brand, and the Relic line of watches as well. In the year 1993, the company had filed for its first IPO or Initial Public Offering.
The Zodiac Watches was a mainly Swiss brand that had been operating since the year 1882 and Fossil had acquired it from Genender International in the year 2001 for about $4.7 million. The company's primary desire to establish a Swiss presence led to the purchase of the Zodiac Watch brand and also a complete retooling of that line to reflect a retro modern set in the 1970s style in higher end watches as well. In the year 2003, the company had introduced its Fossil Wrist PDA watch. Then in the year 2004, the company had purchased Michele Watch - which had completed the cycle by offering a high-end Swiss watch, along with a designer flair as well. As of the year 2007, Fossil was mainly accused of infringing a patent owned by Financial Innovations Systems, and a lawsuit was filed in the Northern District of Texas, USA. The case was then later settled for an undisclosed amount and was dismissed shortly after that. The company had taken over the Watch Station International chain, from Luxottica and Sunglass Hut in the year 2007. The company already had design studios in Biel, Switzerland and was close to Rolex. The company also had manufacturing facilities in China and distribution centres in Dallas, Germany, and Asia too. In the year 2012, the company had agreed to purchase Skagen Designs and also some of its partners for approximately $225 million in cash and the rest being in 150,000 Fossil shares as well. The total value paid by the company was roughly $236.8 million. As of the year 2013, the company had introduced its upscale and more expensive 'Fossil Swiss' line of watches which are made in Switzerland. Then in the year 2015, the company had taken over acquired Misfit for $260 million, along with plans to incorporate Misfit's technology into traditional-looking watches as well. The company had collaborated with various designers in the past, namely Michael Kors, Emporio Armani, Diesel, Adidas, Marc Jacobs, Burberry, etcetera. The headquarters of the company is based in 901 South Central Expressway. The name of the place is Richardson, while the name of the state is Texas, USA. The pin code of the area is 75080.
Fossil is an American company that focuses on the designing and manufacturing of watches as well as lifestyle accessories as well, that are very much deep-rooted in classic and vintage designs. The company has its presence in over 380 locations all over the world, in 130 different countries. As of the year 2016, the total revenue generated by the company is more than $3,042 million. Also, the number of employees working at the company, as of the year 2016, is more than 4,500. The current CEO of the company is Kosta Kartsotis. The company is ranked at 735 places in the Fortune 1000 companies list.
The primary services provided by the company include allowing customers to purchase various kinds of watches and other lifestyle products that are designed, manufactured, marketed and sold by the company itself. The other sub-brands of the company include Relic, Skagen, Zodiac watches, Abacus, etcetera.
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