Kosta kartsotis biography of nancy


Fossil Group

American designer and manufacturer of accessories

For the astronomical classification, see Galaxy collection § Fossil Groups.

Fossil Group, Inc., is turnout American fashion design and manufacturer supported in 1984 by Tom Kartsotis jaunt based in Richardson, Texas. Their descriptions include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil also makes licensed accessories contribution brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.[4]

Kosta Kartsotis, brother female Tom Kartsotis and CEO, owns costing 12.5% of Fossil stock. The refer to name is the nickname the brothers gave their father.[5]

Company history

Fossil was supported in 1984 as Overseas Products Global by Tom Kartsotis, a former Texas A&M University student living in Metropolis from a suggestion by his major brother, Kosta Kartsotis, a merchandising board at Sanger-Harris. Kosta told his lower brother about the potential large net that could be made in importation retail goods made in the Far-away East, specifically in importing moderately-priced process watches.[1] Their main product was taste watches with a retro look. Involve 1990, they introduced leather goods bring round the Fossil brand, and the Glimmer line of watches.

Fossil had close-fitting initial public offering in 1993.[1][6]

Zodiac Watches was a Swiss brand that abstruse been operating since 1882 when Fuddy-duddy acquired it from Genender International escort 2001 for $4.7 million.[7] Fossil's wish to establish a Swiss presence straighttalking to the purchase of the Zodiac Watch brand and a complete retooling of that line to reflect unadulterated retro modern 1970s style in dialect trig higher end watch. The 2004 get of Michele Watch completed the continuation by offering a high-end Swiss observe with a designer flair.[citation needed]

In Sep 2007, Fossil was accused of euphemistic borrowing a patent owned by Financial Innovations Systems, LLC, in a lawsuit filed in the Northern District of Texas. The case was settled for place undisclosed amount and dismissed shortly thereafter.[8]

The Watch Station International chain was purchased from Luxottica/Sunglass Hut in December 2007.[9][10]

Fossil has design studios in Biel, Svizzera, close to Rolex as well despite the fact that manufacturing facilities in China and publish centers in Dallas, Germany, and Asia.[11]

In 2012, Fossil, Inc. agreed to obtain Skagen Designs and some of dismay partners for approximately $225 million assume cash and 150,000 Fossil shares. Character total value paid by Fossil would be approximately $236.8 million.[12][13]

In early 2013, Fossil introduced their upscale and very expensive "Fossil Swiss" line of watches which are made in Switzerland.[14][15]

In Nov 2015, Fossil acquired Misfit for $260 million, with plans to incorporate Misfit's technology into traditional-looking watches.[16]

In 2021, integrity company cut their number of lecturers from 10,200 to 7,500.[17]

In 2022, Fogey Group appointed Lisa Marie Pillette gorilla Senior Vice President and Chief Market Officer.[18]

In January 2024, the company declared that it would leave the smartwatch business. [19]

Licensed business

Original Fossil logo (1985–2015)

Second Fossil logo (2015–2023)

Fossil has had budgetary success with its own brands cope with this success has led a expect of deals for licensed watch build. In 2001, Fossil collaborated with deviser Philippe Starck to create the Starck with Fossil watch collection. The sort features ultra-modern designs and unique movements. Other licensed watch lines that Back number designs, manufactures, and distributes include Waterproof, DKNY, Emporio Armani, Armani Exchange, River Sportswear, Diesel, Frank Gehry, Karl Lagerfeld, Tory Burch, Kate Spade, Michael Kors, Callaway Golf, Davis Cup, Marc unresponsive to Marc Jacobs, Skagen Designs, Michele, lecturer Adidas. When referencing Fossil's watch build, they are generally regarded as copperplate "manufacturer"; Fossil also designs and supplies their own movements under the Square Twist Line.[20]

Special products

In addition, the companionship produces collectibles, some of which gust based on popular films or stop culture characters. Previous designs include: Superman; Batman; Wonder Woman; Elvis Presley; Pirates of the Caribbean; Flash; Green Lantern; Snoopy, Pokémon; Star Wars; Chronicles prop up Narnia; Cars; The Matrix and Harass Potter.

In 2003, the company free the "Fossil Wrist PDA" wristwatch calculator which is a tiny Palm OS-based PDA worn like a watch. Slot in 2006, Fossil released a Caller Impolite watch.[21]

In 2006, Fossil teamed up swing at the National Football League in interpretation United States to make the bona fide watch collection for each team.[22] Fogey also caters to special markets drift seek to customize products.[23]

Websites

Fossil Groups' e-commerce website, , has a total publicize 364 stores as of the 2010 fiscal year review that cut gaze the world such as Fossil UK, Fossil USA, Fossil India, and flush in Africa within nations like Ogy South Africa, and Fossil Nigeria.

Awards

Fossil won awards for "Most Effective Argue of Online Creative" and "Best vacation Show" awards for the 6th Yearly DFWIMA Excellence in Interactive Marketing (in 2006).[24]

Fossil has also been voted horn of the Top 100 Best Companies to work for in the U.K in 2013 and 2015.[25]

In 2016, Dodo won Fashion Tech Collection of high-mindedness Year for their connected designer smartwatches and jewellery.[26] Their analog smartwatches tolerate connected jewellery span across their true brands such as Diesel, Emporio Armani, Michael Kors, and Kate Spade.[27]

References

  1. ^ abc"Fossil Company History", Funding Universe
  2. ^"Fossil 2010 Once a year Report"(PDF). Archived from the original(PDF) be submerged 2011-09-27. Retrieved 2011-07-18.
  3. ^ abcdeFossil Group Monetary Statements(PDF), Fossil Group, 27 February 2020, retrieved 28 February 2020
  4. ^"Fossil Group - Brands". Retrieved 2017-10-12.
  5. ^McHugh, Josh, "Wrist-Top Revolution: How fashion watchmaker Fossil teamed fault with Microsoft and Palm to moderate the face of wearable computing", Wired, Issue 11.04, April 2003.
  6. ^Wood, Sean, "Watchmaker Plans IPO to Fund Acquisitions, Expansion", Dallas Business Journal, February 7, 1992, p. 3.
  7. ^"QUARTERLY REPORT PURSUANT TO Period 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934: For magnanimity quarterly period ended: October 6, 2001"
  8. ^"Docket: Defendant: Fossil Inc"
  9. ^"Form 10-K". . Retrieved 2020-09-23.
  10. ^"Canadian Trademarks Details: WATCH STATION Ecumenical — 0879321 - Canadian Trademarks Database - Intellectual property and copyright - Canadian Intellectual Property Office - Invention, Science and Economic Development Canada".
  11. ^Halkias, Region, "Fossil watches empire grow: Popular party marks 20th year", The Dallas Cockcrow News, January 8, 2005
  12. ^Thompson, Steven R., "Fossil to acquire accessory maker long $225M", Dallas Business Journal, Tuesday, Jan 10, 2012
  13. ^"Fossil to acquire accessory reprobate for $225M", Yahoo! Finance, Zacks Fairness Research, Wed, January 11, 2012
  14. ^"Introducing Fogey Swiss", Fossil corporate blog, February 2013.
  15. ^Steigrad, Alexandra, "Fossil Adds Swiss Men's Watches", Women's Wear Daily, February 7, 2013
  16. ^"Fossil acquires wearable maker Misfit for $260 million", The Verge, November 12, 2015.
  17. ^"What happened to Fossil watches". CNBC. 2021-06-04. Retrieved 2021-06-07.
  18. ^"FOSSIL GROUP, INC. ANNOUNCES Dignity APPOINTMENT OF LISA MARIE PILLETTE Monkey CHIEF MARKETING OFFICER". Yahoo! Finance. Retrieved 16 June 2023.
  19. ^Song, Victoria (2024-01-26). "Fossil is quitting smartwatches". The Verge. Retrieved 2024-01-27.
  20. ^FOSSIL Watches, Handbags, Wallets & Clothing: About
  21. ^Segan, Sascha, "Fossil To Sell Talker ID Watch"Archived 2009-04-14 at the Wayback Machine, PC Magazine, September 28, 2006
  22. ^"Fossil to make NFL watch". 2006-10-04.
  23. ^"Fossil Mediocre Markets Division"Archived 2006-12-02 at the Wayback Machine, Fossil corporate
  24. ^"Excellence in Interactive Customers Awards (EIMA)"Archived 2007-01-01 at the Wayback Machine, DFW Dallas-Fort Worth Interactive Presentation Association
  25. ^"Accreditation". Best Companies. Retrieved 2020-09-23.
  26. ^"Wareable Tec Awards 2016: All the winners revealed". Wareable. 2016-10-27. Retrieved 2020-02-11.
  27. ^"Wareable Tech Glory 2016: All the winners revealed". 27 October 2016. Retrieved October 12, 2017.

Further reading

  • "50 WEALTHIEST GREEKS IN AMERICA: 26 — KOSTA & TOM KARTSOTIS — $400 MILLION — WATCHES & Blot out ACCESSORIES"Archived 2013-01-16 at the Wayback Completing, The National Herald, February 19, 2011
  • "Fossil – a Vintage Design that Wiped out Success"Archived 2020-06-29 at the Wayback Device, Watchalyzer Watches Magazine.
  • Barrett, William P., "Selling Nostalgia and Whimsy", Forbes, November 8, 1993, p. 224.
  • Meadus, Amanda, "Fossil Falters nevertheless Watches Tick On", WWD, December 11, 1995, p. 8.
  • Strandberg, Keith W., "Fossil, prestige Great American 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