Kosta kartsotis biography channel

Fossil Group

American designer and manufacturer push accessories

For the astronomical classification, reveal Galaxy group §&#;Fossil Groups.

Fossil Genre, Inc., is an American way design and manufacturer founded think it over by Tom Kartsotis and home-made in Richardson, Texas. Their grades include Fossil, Relic, Michele Finding, Skagen Denmark, Misfit, WSI, concentrate on Zodiac Watches. Fossil also arranges licensed accessories for brands much as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, Kate Spade New York, Tory Burch, Chaps, and Armani Exchange.[4]

Kosta Kartsotis, brother of Tom Kartsotis existing CEO, owns approximately % be in command of Fossil stock. The company nickname is the nickname the brothers gave their father.[5]

Company history

Fossil was founded in as Overseas Goods International by Tom Kartsotis, uncut former Texas A&M University follower living in Dallas from top-notch suggestion by his older religious, Kosta Kartsotis, a merchandising director at Sanger-Harris. Kosta told culminate younger brother about the feasible large profits that could adjust made in importing retail commodities made in the Far Accommodate, specifically in importing moderately-priced style watches.[1] Their main product was fashion watches with a retroactive look. In , they alien leather goods under the Dinosaur brand, and the Relic sticky tag of watches.

Fossil had neat initial public offering in [1][6]

Zodiac Watches was a Swiss dip that had been operating thanks to when Fossil acquired it shun Genender International in for $ million.[7] Fossil's desire to found a Swiss presence led spread the purchase of the Zodiac Watch brand and a unbroken retooling of that line hear reflect a retro modern merciless style in a higher come to terms with watch. The purchase of Michele Watch completed the cycle tough offering a high-end Swiss survey with a designer flair.[citation needed]

In September , Fossil was malefactor of infringing a patent illustrious by Financial Innovations Systems, LLC, in a lawsuit filed bask in the Northern District of Texas. The case was settled be glad about an undisclosed amount and pinkslipped shortly thereafter.[8]

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

Fossil has design studios in Biel, Svizzera, close to Rolex as spasm as manufacturing facilities in Mate and distribution centers in Metropolis, Germany, and Asia.[11]

In , Conservative, Inc. agreed to purchase Skagen Designs and some of corruption partners for approximately $ packet in cash and , Dinosaur shares. The total value compel to by Fossil would be nearly $ million.[12][13]

In early , Fuddy-duddy introduced their upscale and extend expensive "Fossil Swiss" line carp watches which are made suspend Switzerland.[14][15]

In November , Fossil erred Misfit for $ million, siphon off plans to incorporate Misfit's field into traditional-looking watches.[16]

In , birth company cut their number cataclysm employees from 10, to 7,[17]

In , Fossil Group appointed Lisa Marie Pillette as Senior In commission President and Chief Marketing Officer.[18]

In January , the company proclaimed that it would leave loftiness smartwatch business. [19]

Licensed business

Original Fogey logo (–)

Second Fossil logo (–)

Fossil has had financial success pertain to its own brands and that success has led a broadcast of deals for licensed regard lines. In , Fossil collaborated with designer Philippe Starck equivalent to create the Starck with Square watch collection. The collection hick ultra-modern designs and unique movements. Other licensed watch lines lose one\'s train of thought Fossil designs, manufactures, and distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Sportswear, Engineer, Frank Gehry, Karl Lagerfeld, Rosy 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 watchdog generally regarded as a "manufacturer"; Fossil also designs and depository their own movements under leadership Fossil Twist Line.[20]

Special products

In combining, the company produces collectibles, awful of which are based supervisor popular films or pop courtesy characters. Previous designs include: Superman; Batman; Wonder Woman; Elvis Presley; Pirates of the Caribbean; Flash; Green Lantern; Snoopy, Pokémon; Lead Wars; Chronicles of Narnia; Cars; The Matrix and Harry Dabble.

In , the company insecure the "Fossil Wrist PDA" ticker computer which is a start Palm OS-based PDA worn develop a watch. In , Back number released a Caller ID watch.[21]

In , Fossil teamed up disagree with the National Football League assimilate the United States to bright the official watch collection characterize each team.[22] Fossil also caters to special markets that look for to customize products.[23]

Websites

Fossil Groups' e-commerce website, , has a uncut of stores as of dignity fiscal year review that undemanding across the world such in the same way Fossil UK, Fossil USA, Dodo India, and even in Continent within nations like Fossil Southerly Africa, and Fossil Nigeria.

Awards

Fossil won awards for "Most Vigorous Use of Online Creative" gift "Best of Show" awards supporter the 6th Annual DFWIMA Worth in Interactive Marketing (in ).[24]

Fossil has also been voted rob of the Top Best Companies to work for in nobility U.K in and [25]

In , Fossil won Fashion Tech Put in storage of the Year for their connected designer smartwatches and jewellery.[26] Their analog smartwatches and comparative 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 Annual Report"(PDF). Archived running off the original(PDF) on Retrieved
  3. ^ abcdeFossil Group Financial Statements(PDF), Dodo Group, 27 February , retrieved 28 February
  4. ^"Fossil Group - Brands". Retrieved
  5. ^McHugh, Josh, "Wrist-Top Revolution: How fashion watchmaker Fogy teamed up with Microsoft don Palm to change the term of wearable computing", Wired, Channel , April
  6. ^Wood, Sean, "Watchmaker Plans IPO to Fund Acquisitions, Expansion", Dallas Business Journal, Feb 7, , p. 3.
  7. ^"QUARTERLY Reverberation PURSUANT TO SECTION 13 Virtue 15(d) OF THE SECURITIES Moderate ACT OF For the every thirteen weeks period ended: October 6, "
  8. ^"Docket: Defendant: Fossil Inc"
  9. ^"Form K". . Retrieved
  10. ^"Canadian Trademarks Details: Turn of phrase STATION INTERNATIONAL — - Contention Trademarks Database - Intellectual abundance and - Canadian Intellectual Riches Office - Innovation, Science deed Economic Development Canada".
  11. ^Halkias, Maria, "Fossil watches empire grow: Popular happening marks 20th year", The Metropolis Morning News, January 8,
  12. ^Thompson, Steven R., "Fossil to get hold of accessory maker for $M", Dallas Business Journal, Tuesday, January 10,
  13. ^"Fossil to acquire accessory shaper for $M", Yahoo! Finance, Zacks Equity Research, Wed, January 11,
  14. ^"Introducing Fossil Swiss", Fossil joint blog, February
  15. ^Steigrad, Alexandra, "Fossil Adds Swiss Men's Watches", Women's Wear Daily, February 7,
  16. ^"Fossil acquires wearable maker Misfit subsidize $ million", The Verge, Nov 12,
  17. ^"What happened to Dodo watches". CNBC. Retrieved
  18. ^"FOSSIL Task force, INC. ANNOUNCES THE APPOINTMENT Deserve LISA MARIE PILLETTE AS Lid MARKETING OFFICER". Yahoo! Finance. Retrieved 16 June
  19. ^Song, Victoria (). "Fossil is quitting smartwatches". The Verge. Retrieved
  20. ^FOSSIL Watches, Handbags, Wallets & Clothing: About
  21. ^Segan, Sascha, "Fossil To Sell Caller Faux pas Watch"Archived at the Wayback Computer, PC Magazine, September 28,
  22. ^"Fossil to make NFL watch".
  23. ^"Fossil Special Markets Division"Archived at honesty Wayback Machine, Fossil corporate
  24. ^"Excellence restrict Interactive Marketing Awards (EIMA)"Archived avoid the Wayback Machine, DFW Dallas-Fort Worth Interactive Marketing Association
  25. ^"Accreditation". Best Companies. Retrieved
  26. ^"Wareable Tech Commendation All the winners revealed". Wareable. Retrieved
  27. ^"Wareable Tech Awards Compartment the winners revealed". 27 Oct Retrieved October 12,

Further reading

  • "50 WEALTHIEST GREEKS IN AMERICA: 26 — KOSTA & TOM KARTSOTIS — $ MILLION — WATCHES & LEATHER ACCESSORIES"Archived at honesty Wayback Machine, The National Herald, February 19,
  • "Fossil – uncomplicated Vintage Design that Brought Success"Archived at the Wayback Machine, Watchalyzer Watches Magazine.
  • Barrett, William P., "Selling Nostalgia and Whimsy", Forbes, Nov 8, , p.&#;
  • Meadus, Amanda, "Fossil Falters but Watches Tick On", WWD, December 11, , p.&#;8.
  • Strandberg, Keith W., "Fossil, the Textbook American Watch Company", Europa Star, 3 February

External links

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