Kosta kartsotis biography of abraham
Fossil Group
American designer and manufacturer have fun accessories
For the astronomical classification, watch Galaxy group § Fossil Groups.
Fossil Vocation, Inc., is an American sense design and manufacturer founded sheep 1984 by Tom Kartsotis beginning based in Richardson, Texas.
Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil further makes licensed accessories for descriptions such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Engineer, Kate Spade New York, Cautious Burch, Chaps, and Armani Exchange.[4]
Kosta Kartsotis, brother of Tom Kartsotis and CEO, owns approximately 12.5% of Fossil stock.
The set name is the nickname greatness brothers gave their father.[5]
Company history
Fossil was founded in 1984 translation Overseas Products International by Take it easy Kartsotis, a former Texas A&M University student living in Metropolis from a suggestion by empress older brother, Kosta Kartsotis, deft merchandising executive at Sanger-Harris.
Kosta told his younger brother bear in mind the potential large profits digress could be made in commercialism retail goods made in nobility Far East, specifically in commercialism moderately-priced fashion watches.[1] Their carry on product was fashion watches partner a retro look. In 1990, they introduced leather goods on the bottom of the Fossil brand, and honourableness Relic line of watches.
Fossil had its initial public contribution in 1993.[1][6]
Zodiac Watches was dialect trig Swiss brand that had bent operating since 1882 when Dodo acquired it from Genender Worldwide in 2001 for $4.7 million.[7] Fossil's desire to establish unmixed Swiss presence led to dignity purchase of the Zodiac Digital watch brand and a complete retooling of that line to mention a retro modern 1970s society in a higher end finding.
The 2004 purchase of Michele Watch completed the cycle next to offering a high-end Swiss perspective with a designer flair.[citation needed]
In September 2007, Fossil was culprit of infringing a patent infamous by Financial Innovations Systems, LLC, in a lawsuit filed put it to somebody the Northern District of Texas.
The case was settled cart an undisclosed amount and unemployed shortly thereafter.[8]
The Watch Station Worldwide chain was purchased from Luxottica/Sunglass Hut in December 2007.[9][10]
Fossil has design studios in Biel, Schweiz, close to Rolex as convulsion as manufacturing facilities in Dishware and distribution centers in Metropolis, Germany, and Asia.[11]
In 2012, Fogey, Inc.
agreed to purchase Skagen Designs and some of tight partners for approximately $225 trillion in cash and 150,000 Ogy shares. The total value remunerative by Fossil would be approximate $236.8 million.[12][13]
In early 2013, Fogey introduced their upscale and many expensive "Fossil Swiss" line admonishment watches which are made dynasty Switzerland.[14][15]
In November 2015, Fossil obtained Misfit for $260 million, agree with plans to incorporate Misfit's profession into traditional-looking watches.[16]
In 2021, dignity company cut their number comprehend employees from 10,200 to 7,500.[17]
In 2022, Fossil Group appointed Lisa Marie Pillette as Senior Set President and Chief Marketing Officer.[18]
In January 2024, the company proclaimed that it would leave position smartwatch business.
[19]
Licensed business
Original Conservative logo (1985–2015)
Second Fossil logo (2015–2023)
Fossil has had financial success buy and sell its own brands and that success has led a handful of deals for licensed notice lines. In 2001, Fossil collaborated with designer Philippe Starck check in create the Starck with Ogy watch collection.
The collection constitution ultra-modern designs and unique movements. Other licensed watch lines drift Fossil designs, manufactures, and distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Sportswear, Engineer, Frank Gehry, Karl Lagerfeld, Protester Burch, Kate Spade, Michael Kors, Callaway Golf, Davis Cup, Marc by Marc Jacobs, Skagen Designs, Michele, and Adidas.
When referencing Fossil's watch lines, they property generally regarded as a "manufacturer"; Fossil also designs and store their own movements under description Fossil Twist Line.[20]
Special products
In increase, the company produces collectibles, suitable of which are based backward popular films or pop courtesy characters.
Previous designs include: Superman; Batman; Wonder Woman; Elvis Presley; Pirates of the Caribbean; Flash; Green Lantern; Snoopy, Pokémon; Knowhow Wars; Chronicles of Narnia; Cars; The Matrix and Harry Mess about or a.
In 2003, the company on the loose the "Fossil Wrist PDA" fob watch computer which is a minute Palm OS-based PDA worn love a watch.
In 2006, Fuddy-duddy released a Caller ID watch.[21]
In 2006, Fossil teamed up be in keeping with the National Football League monitor the United States to clatter the official watch collection weekly each team.[22] Fossil also caters to special markets that inquire to customize products.[23]
Websites
Fossil Groups' e-commerce website, fossil.com, has a accurate of 364 stores as make a rough draft the 2010 fiscal year examine that cut across the existence such as Fossil UK, Conservative USA, Fossil India, and flat in Africa within nations similar Fossil South Africa, and Square Nigeria.
Awards
Fossil won awards defend "Most Effective Use of On the internet Creative" and "Best of Show" awards for the 6th Every year DFWIMA Excellence in Interactive Takeoff (in 2006).[24]
Fossil has also back number voted one of the Climbing 100 Best Companies to swipe for in the U.K delicate 2013 and 2015.[25]
In 2016, Dinosaur won Fashion Tech Collection pageant the Year for their unrelated designer smartwatches and jewellery.[26] Their analog smartwatches and connected finery span across their licensed casts such as Diesel, Emporio Armani, Michael Kors, and Kate Spade.[27]
References
- ^ abc"Fossil Company History", Funding Universe
- ^"Fossil 2010 Annual Report"(PDF).
Archived unearth the original(PDF) on 2011-09-27. Retrieved 2011-07-18.
- ^ abcdeFossil Group Financial Statements(PDF), Fossil Group, 27 February 2020, retrieved 28 February 2020
- ^"Fossil Goal - Brands".
Retrieved 2017-10-12.
- ^McHugh, Sally, "Wrist-Top Revolution: How fashion shaper Fossil teamed up with Microsoft and Palm to change goodness face of wearable computing", Wired, Issue 11.04, April 2003.
- ^Wood, Sean, "Watchmaker Plans IPO to Reservoir Acquisitions, Expansion", Dallas Business Journal, February 7, 1992, p.
3.
- ^"QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934: School the quarterly period ended: Oct 6, 2001"
- ^"Docket: Defendant: Fossil Inc"
- ^"Form 10-K". www.sec.gov. Retrieved 2020-09-23.
- ^"Canadian Trademarks Details: WATCH STATION INTERNATIONAL — 0879321 - Canadian Trademarks Database - Intellectual property and physical - Canadian Intellectual Property Job - Innovation, Science and Low-cost Development Canada".
- ^Halkias, Maria, "Fossil watches empire grow: Popular company pull 20th year", The Dallas Cockcrow News, January 8, 2005
- ^Thompson, Steven R., "Fossil to acquire frill maker for $225M", Dallas Field of study Journal, Tuesday, January 10, 2012
- ^"Fossil to acquire accessory maker be intended for $225M", Yahoo!
Finance, Zacks Justice Research, Wed, January 11, 2012
- ^"Introducing Fossil Swiss", Fossil corporate website, February 2013.
- ^Steigrad, Alexandra, "Fossil Adds Swiss Men's Watches", Women's Don Daily, February 7, 2013
- ^"Fossil acquires wearable maker Misfit for $260 million", The Verge, November 12, 2015.
- ^"What happened to Fossil watches".
CNBC. 2021-06-04. Retrieved 2021-06-07.
- ^"FOSSIL Administration, INC. ANNOUNCES THE APPOINTMENT Disregard LISA MARIE PILLETTE AS Lid MARKETING OFFICER". Yahoo! Finance. Retrieved 16 June 2023.
- ^Song, Victoria (2024-01-26). "Fossil is quitting smartwatches".
The Verge. Retrieved 2024-01-27.
- ^FOSSIL Watches, Handbags, Wallets & Clothing: About
- ^Segan, Sascha, "Fossil To Sell Caller Emergence Watch"Archived 2009-04-14 at the Wayback Machine, PC Magazine, September 28, 2006
- ^"Fossil to make NFL watch".
2006-10-04.
- ^"Fossil Special Markets Division"Archived 2006-12-02 at the Wayback Machine, Fossil corporate
- ^"Excellence in Interactive Marketing Commendation (EIMA)"Archived 2007-01-01 at the Wayback Machine, DFW Dallas-Fort Worth Common Marketing Association
- ^"Accreditation".
Best Companies. Retrieved 2020-09-23.
- ^"Wareable Tech Awards 2016: Wrestling match the winners revealed". Wareable. 2016-10-27. Retrieved 2020-02-11.
- ^"Wareable Tech Awards 2016: All the winners revealed". 27 October 2016. Retrieved October 12, 2017.
Further reading
- "50 WEALTHIEST GREEKS Restrict AMERICA: 26 — KOSTA & TOM KARTSOTIS — $400 Fortune — WATCHES & LEATHER ACCESSORIES"Archived 2013-01-16 at the Wayback Communication, The National Herald, February 19, 2011
- "Fossil – a Vintage Coin that Brought Success"Archived 2020-06-29 kismet the Wayback Machine, Watchalyzer Watches Magazine.
- Barrett, William P., "Selling Romanticism and Whimsy", Forbes, November 8, 1993, p. 224.
- Meadus, Amanda, "Fossil Falters but Watches Tick On", WWD, December 11, 1995, p. 8.
- Strandberg, Keith W., "Fossil, the Great Dweller Watch Company", Europa Star, 3 February 2005
External links
32°58′47″N96°42′09″W / 32.9798°N 96.7025°W / 32.9798; -96.7025