Fossil Group news and archive

Fossil Group's Q2 net loss narrows, raises outlook

Fossil Group, Inc. has announced its financial results for the fiscal second quarter ended July 5, 2025, revealing a third consecutive quarter of positive adjusted operating income. The company also unveiled a comprehensive refinancing plan aimed at strengthening its balance sheet and enhancing liquidity. For the second quarter, net sales...

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Fossil Group establishes chief supply chain officer role

Watch specialist Fossil Group has appointed Laks Lakshmanan to the newly created role of chief supply chain officer. Lakshmanan stepped into the position on June 16, with the company only just confirming the appointment in a press release. In this role, Lakshmanan has been tasked with overseeing Fossil’s global end-to-end supply chain, from...

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Fossil Group narrows losses in Q1 as CEO reports ‘another quarter of progress’

Watchmaking specialist Fossil Group has reported “another quarter of progress” under its ongoing turnaround plan, according to chief executive officer Franco Fogliato. Fogliato’s comments come despite the company posting a sales decrease of 8.5 percent on a reported basis for the quarter ended April 5, 2025. This amounted to net sales of 233.3...

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Fossil Group taps New CFO to lead turnaround effort after weak Q4

American fashion design and manufacturer, Fossil Group recorded fourth quarter net sales of 342 million dollars, down 19 percent, with sales declines across all regions and all channels. Operating income was 20.1 million dollars or 5.9 percent of net sales and income per share was 39 cents. In response to these results, Fossil Group has...

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Michael Kors watches and jewellery to remain with Fossil

New York-based designer brand Michael Kors has extended its licensing agreement with the Fossil Group to continue creating its watches and jewellery. The move will see Michael Kors remaining a Fossil Group-licensed brand through 2027. John D. Idol, chairman and chief executive of Capri Holdings Limited and chief executive of Michael Kors, said...

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Two senior executives join Fossil Group to spearhead turnaround efforts

Fossil Group has named Joe Martin as its new chief commercial officer and Antonio Carriero as chief digital information officer and general manager for the EMEA region. Both appointments are designed to bolster the company's turnaround strategy. Martin will oversee all global revenue generation, aiming to create a scalable and high-performing...

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Fossil Group appoints Franco Fogliato as chief executive officer

Fossil Group has announced the appointment of Franco Fogliato as chief executive officer and a member of the board of directors. He succeeds Jeffrey Boyer, Fossil’s interim CEO, who will resume his previous role as chief operating officer and step down from the board of directors, all effective September 18, 2024. “Franco brings over 25 years of...

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Fossil Group appoints interim CFO amid business review

Fossil Group has announced that its current chief financial officer, Sunil Doshi, will be stepping down from the helm position to be succeeded by Andrew Skobe, who is to take on the role in an interim capacity. Doshi, who is leaving the company “for another opportunity”, will remain with Fossil until July 19, 2024, to ensure a smooth transition,...

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Fossil Group appoints two new members to board

Fossil Group has announced two new independent director appointments to its board as part of an ongoing “refreshment and governance excellence” strategy. Eugene Davis, who will also serve as a member of the Audit Committee, has experiences on the boards of a number of firms in various industries and has managed, restructured and liquidated...

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Fossil Group CEO steps down as strategic review launches

The chief executive officer of Fossil Group, Kosta N. Kartsotis, has stepped down from his position alongside the launch of strategic review for the company after its net sales for the full financial year dropped by 16 percent. Stepping into Kartsotis’ place will be chief operating officer, Jeffrey N. Boyer, who has been appointed interim CEO,...

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Fashion

Watch brand Fossil rebrands to reach “next generation” of consumers

Watch and accessories brand and retailer Fossil is rebranding with a new brand identity that celebrates its nearly 40-year heritage as it looks to usher in a “new era” of the brand to connect with the next generation of consumers. The rebrand is a complete overhaul of Fossil’s branding across all touchpoints and aims to offer a modernised brand...

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Katchin marketplace for jewellery and watches expands in Europe

Katchin, the marketplace created specifically for jewellery and watches, is expanded into Germany and France after a successful launch in the UK in January. The marketplace, backed by the Fossil Group in partnership with technology company Mirakl, was launched to offer a new way to shop accessories by bringing together “the most sought-after...