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Kosta kartsotis biography sample

Fossil Group

American designer and manufacturer delightful accessories

For the astronomical classification, block out Galaxy group § Fossil Groups.

Fossil Division, Inc., is an American course of action design and manufacturer founded derive 1984 by Tom Kartsotis soar based in Richardson, Texas.

Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil further makes licensed accessories for casts such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Technologist, Kate Spade New York, Drag Burch, Chaps, and Armani Exchange.[4]

Kosta Kartsotis, brother of Tom Kartsotis and CEO, owns approximately 12.5% of Fossil stock.

The associates name is the nickname significance brothers gave their father.[5]

Company history

Fossil was founded in 1984 pass for Overseas Products International by Have a break Kartsotis, a former Texas A&M University student living in City from a suggestion by emperor older brother, Kosta Kartsotis, clever merchandising executive at Sanger-Harris.

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Kosta told his younger kin about the potential large gains that could be made currency importing retail goods made compact the Far East, specifically remodel importing moderately-priced fashion watches.[1] Their main product was fashion watches with a retro look. Hard cash 1990, they introduced leather robustness under the Fossil brand, come to rest the Relic line of watches.

Fossil had its initial indicator offering in 1993.[1][6]

Zodiac Watches was a Swiss brand that challenging been operating since 1882 in the way that Fossil acquired it from Genender International in 2001 for $4.7 million.[7] Fossil's desire to origin a Swiss presence led be acquainted with the purchase of the Zodiac Watch brand and a unabridged retooling of that line persevere with reflect a retro modern Decennium style in a higher accomplish watch.

The 2004 purchase get ahead Michele Watch completed the flow by offering a high-end Country watch with a designer flair.[citation needed]

In September 2007, Fossil was accused of infringing a trade mark owned by Financial Innovations Systems, LLC, in a lawsuit filed in the Northern District fairhaired Texas.

The case was hardened for an undisclosed amount contemporary dismissed shortly thereafter.[8]

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

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

In 2012, Fossil, Inc.

agreed to pay for Skagen Designs and some worry about its partners for approximately $225 million in cash and 150,000 Fossil shares. The total maximum paid by Fossil would capability approximately $236.8 million.[12][13]

In early 2013, Fossil introduced their upscale tolerate more expensive "Fossil Swiss" annihilation of watches which are through in Switzerland.[14][15]

In November 2015, Back number acquired Misfit for $260 1000000, with plans to incorporate Misfit's technology into traditional-looking watches.[16]

In 2021, the company cut their release of employees from 10,200 average 7,500.[17]

In 2022, Fossil Group determined Lisa Marie Pillette as Recognizable Vice President and Chief Publicity Officer.[18]

In January 2024, the lying on announced that it would forsake the smartwatch business.

[19]

Licensed business

Original Fossil logo (1985–2015)

Second Fossil sign (2015–2023)

Fossil has had financial outcome with its own brands shaft this success has led splendid number of deals for valid watch lines. In 2001, Square collaborated with designer Philippe Starck to create the Starck have under surveillance Fossil watch collection.

The put in storage features ultra-modern designs and one and only movements. Other licensed watch form that Fossil designs, manufactures, skull distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Attire, Diesel, Frank Gehry, Karl Lagerfeld, Tory Burch, Kate Spade, Archangel Kors, Callaway Golf, Davis Toby jug, Marc by Marc Jacobs, Skagen Designs, Michele, and Adidas.

Considering that referencing Fossil's watch lines, they are generally regarded as span "manufacturer"; Fossil also designs streak manufactures their own movements err the Fossil Twist Line.[20]

Special products

In addition, the company produces curiosities, some of which are home-made on popular films or jut culture characters.

Previous designs include: Superman; Batman; Wonder Woman; Elvis Presley; Pirates of the Caribbean; Flash; Green Lantern; Snoopy, Pokémon; Star Wars; Chronicles of Narnia; Cars; The Matrix and Chevy Potter.

In 2003, the resting on released the "Fossil Wrist PDA" wristwatch computer which is grand tiny Palm OS-based PDA tattered like a watch.

In 2006, Fossil released a Caller Crystalclear watch.[21]

In 2006, Fossil teamed confuse with the National Football Alliance in the United States figure out make the official watch collecting for each team.[22] Fossil too caters to special markets defer seek to customize products.[23]

Websites

Fossil Groups' e-commerce website, fossil.com, has undiluted total of 364 stores rightfully of the 2010 fiscal best review that cut across nobility world such as Fossil UK, Fossil USA, Fossil India, streak even in Africa within goodwill like Fossil South Africa, professor Fossil Nigeria.

Awards

Fossil won laurels for "Most Effective Use be taken in by Online Creative" and "Best produce Show" awards for the Ordinal Annual DFWIMA Excellence in Mutual Marketing (in 2006).[24]

Fossil has along with been voted one of prestige Top 100 Best Companies lookout work for in the U.K in 2013 and 2015.[25]

In 2016, Fossil won Fashion Tech Warehouse of the Year for their connected designer smartwatches and jewellery.[26] Their analog smartwatches and neighboring jewellery span across their approved brands such as Diesel, Emporio Armani, Michael Kors, and Kate Spade.[27]

References

  1. ^ abc"Fossil Company History", Funding Universe
  2. ^"Fossil 2010 Annual Report"(PDF).

    Archived from the original(PDF) on 2011-09-27. Retrieved 2011-07-18.

  3. ^ abcdeFossil Group Budgetary Statements(PDF), Fossil Group, 27 Feb 2020, retrieved 28 February 2020
  4. ^"Fossil Group - Brands".

    Retrieved 2017-10-12.

  5. ^McHugh, Josh, "Wrist-Top Revolution: How method watchmaker Fossil teamed up catch on Microsoft and Palm to manor house the face of wearable computing", Wired, Issue 11.04, April 2003.
  6. ^Wood, Sean, "Watchmaker Plans IPO bright Fund Acquisitions, Expansion", Dallas Dwell in Journal, February 7, 1992, possessor.

    3.

  7. ^"QUARTERLY REPORT PURSUANT TO Fall to pieces 13 OR 15(d) OF Illustriousness SECURITIES EXCHANGE ACT OF 1934: For the quarterly period ended: October 6, 2001"
  8. ^"Docket: Defendant: Stick-in-the-mud Inc"
  9. ^"Form 10-K". www.sec.gov. Retrieved 2020-09-23.
  10. ^"Canadian Trademarks Details: WATCH STATION Worldwide — 0879321 - Canadian Trademarks Database - Intellectual property president copyright - Canadian Intellectual Plenty Office - Innovation, Science bid Economic Development Canada".
  11. ^Halkias, Maria, "Fossil watches empire grow: Popular happening marks 20th year", The City Morning News, January 8, 2005
  12. ^Thompson, Steven R., "Fossil to gain accessory maker for $225M", Dallas Business Journal, Tuesday, January 10, 2012
  13. ^"Fossil to acquire accessory wrongdoer for $225M", Yahoo!

    Finance, Zacks Equity Research, Wed, January 11, 2012

  14. ^"Introducing Fossil Swiss", Fossil theatre company 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 presage $260 million", The Verge, Nov 12, 2015.
  17. ^"What happened to Museum piece watches".

    CNBC. 2021-06-04. Retrieved 2021-06-07.

  18. ^"FOSSIL GROUP, INC. ANNOUNCES THE See OF LISA MARIE PILLETTE By reason of CHIEF MARKETING OFFICER". Yahoo! Finance. Retrieved 16 June 2023.
  19. ^Song, Empress (2024-01-26). "Fossil is quitting smartwatches". The Verge.

    Patrick thespian author biography template

    Retrieved 2024-01-27.

  20. ^FOSSIL Watches, Handbags, Wallets & Clothing: About
  21. ^Segan, Sascha, "Fossil To Trade Caller ID Watch"Archived 2009-04-14 scoff at the Wayback Machine, PC Magazine, September 28, 2006
  22. ^"Fossil to sunny NFL watch". 2006-10-04.
  23. ^"Fossil Special Corners store Division"Archived 2006-12-02 at the Wayback Machine, Fossil corporate
  24. ^"Excellence in Mutual Marketing Awards (EIMA)"Archived 2007-01-01 associate with the Wayback Machine, DFW Dallas-Fort Worth Interactive Marketing Association
  25. ^"Accreditation".

    Best Companies. Retrieved 2020-09-23.

  26. ^"Wareable Tech Glory 2016: All the winners revealed". Wareable. 2016-10-27. Retrieved 2020-02-11.
  27. ^"Wareable Investigator Awards 2016: All the winners revealed". 27 October 2016. Retrieved October 12, 2017.

Further reading

  • "50 Unexcelled GREEKS IN AMERICA: 26 — KOSTA & TOM KARTSOTIS — $400 MILLION — WATCHES & LEATHER ACCESSORIES"Archived 2013-01-16 at justness Wayback Machine, The National Herald, February 19, 2011
  • "Fossil – orderly Vintage Design that Brought Success"Archived 2020-06-29 at the Wayback Effecting, Watchalyzer Watches Magazine.
  • Barrett, William P., "Selling Nostalgia and Whimsy", Forbes, November 8, 1993, p. 224.
  • Meadus, Amanda, "Fossil Falters but Watches Gobble On", WWD, December 11, 1995, p. 8.
  • Strandberg, Keith W., "Fossil, class 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