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Fossil, Inc.
From Wikipedia, the free encyclopedia
Fossil, Inc.
company_logo =
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| Type | Public (NASDAQ: FOSL) |
| Founded | 1954 |
| Headquarters | Richardson, Texas |
| Key people | Tom Kartsotis, Chairman of the Board Kosta N. Kartsotis, President and CEO |
| Industry | Recreational Goods |
| Products | Watches, Jewelry, Clothing, Wallets, Sunglasses |
| Revenue |  $1.0 billion USD (2005)[1] |
| Website | www.fossil.com/ |
Fossil, Inc. (NASDAQ: FOSL) is a designer and manufacturer of clothing and accessories, primarily watches and jewelry, but also sunglasses and wallets, based in Richardson, Texas, United States. Their brands include Fossil, Relic, Abacus, Michele Watch and Zodiac Watch. Fossil watches are common in middle-income retail stores, as well as at most department stores.
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This section does not cite any references or sources. (November 2007) Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. |
Zodiac was a Swiss brand that had been operating since 1882 when Fossil acquired it in 2001 to give them a higher end brand. In its earlier days, Fossil watches were known for their mid 50's era designs and low entry price. They later branched into the sale of leather goods and other accessories in the 90's. Fossil's desire to establish a Swiss presence led to the purchase of the Zodiac Watch brand and a complete retooling of that line to reflect a retro modern 70's style in a higher end watch. The 2004 purchase of Michele Watch completed the cycle by offering a high-end Swiss watch with a designer flair.
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This section does not cite any references or sources. (November 2007) Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. |
Fossil has been very successful with its own brands and this success has led to companies coming to Fossil to create licensed watch lines. The licensed watch lines that Fossil designs, manufactures, and distributes include Burberry, DKNY, Emporio Armani, Columbia Sportswear, Diesel, Frank Gehry, Philippe Starck, Michael Kors, Callaway Golf, Davis Cup, Marc Jacobs and Adidas. When referencing Fossil's watch lines, they are generally regarded as a "manufacturer"; However, Fossil only assembles watches, using pre-made movements and only designing the cases and dials of the watch. [2]
In addition, the company produces collectibles, some of which are based on popular films or pop culture characters. Previous designs have include: Superman, Batman, Wonder Woman, Elvis Presley, "Pirates of the Caribbean", Flash, Green Lantern, Snoopy, Pokemon, Star Wars, "Chronicles of Narnia" and Disney's "Cars". [1]
The company released Wrist PDA which is a tiny Palm OS-based PDA worn like a watch. In 2006, Fossil released a Caller ID watch. [2] Also in 2006, Fossil teamed up with the NFL to make the official watch collection for each team. [3] Fossil also caters to special markets that seek to customize products. [4]
Fossil won awards for "Most Effective Use of Online Creative" and "Best of Show" awards for the 6th Annual DFWIMA Excellence in Interactive Marketing (in 2006) [5]
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This section does not cite any references or sources. (November 2007) Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. |
Two brothers, Tom Kartsotis and Kosta Kartsotis, own approximately 30% of Fossil stock. The company name represents the nickname the brothers had for their grandfather.
- ^ Fossil, Inc. (February 21, 2006). "Inc. Reports Fourth Quarter and Fiscal 2005 Results". Press release.
- ^ http://www.fossil.com/webapp/wcs/stores/servlet/StaticView?langId=-1&storeId=12052&catalogId=10052&page=companyProfile&nav=custCareNav
- Fossil, Inc. homepage
- Zodiac Watches homepage
- Abacus Watches homepage
- Official NFL Watches
- Michele Watches and Jewelry homepage
- Emporio Armani Watches homepage
- Diesel Watches homepage
- Philippe Starck Watches
- Burberry Timepieces homepage
- Columbia Watches
- Michael Kors Watches
- Callaway Golf Time Pieces homepage
- Marc Jacobs homepage - Need to navigate through Flash to reach timepieces
- Adidas Watches homepage
- Caller ID watch