Company description

Fossil Group, Inc., commonly known as Fossil, is a global fashion designer and manufacturer of accessories and clothing. The company was founded in 1984 by Tom Kartsotis and is based in Richardson, Texas. Fossil's products include watches, jewelry, handbags, and clothing for both men and women. The company's diversified brand portfolio includes well-known labels such as Fossil, Relic, Michele, and Burberry. Fossil also partners with other fashion and lifestyle brands to design and manufacture their watches and accessories, including Michael Kors, Tory Burch, and Armani Exchange. The company has operations in over 150 countries, making it a major player in the global fashion market. In recent years, Fossil has embraced technology, expanding its offerings to include smartwatches and wearable technology. Despite facing challenges in the traditional watch industry, Fossil continues to innovate and adapt to changing consumer trends. Its commitment to sustainability and ethical sourcing has also made it a leader in the fashion industry. As of 2021, Fossil's stock is listed on the Nasdaq under the ticker symbol FOSL and continues to be a popular choice among investors.