Fossil Group

Fossil Group Inc (Fossil) is a leading designer, developer, producer, marketer and distributor of watches and other lifestyle products. The company’s product portfolio includes fashion watches, jewelry, handbags, small leather goods, sunglasses and belts. It markets and sells various licensed brands products such as Diesel, Emporio Armani and Michael Kors. Fossil markets products under Zodiac, Michele, Misfit, Relic, Fossil and Skagen brand names. Fossil merchandises and sells products globally through department stores, specialty watch and jewelry stores, mass market stores and company-owned retail and outlet stores and promotes them through point-of-sale merchandise displays, retail stores, e-commerce portals, digital advertising, catalogs and print media. Fossil is headquartered in Richardson, Texas, the US.The company reported revenues of (US Dollars) US$1,870 million for the fiscal year ended January 2021 (FY2021), an increase of 15.9% over FY2020. The operating profit of the company was US$79.6 million in FY2021, compared to an operating loss of US$135.3 million in FY2020. The net profit of the company was US$25.4 million in FY2021, compared to a net loss of US$96.1 million in FY2020.