Fossil Group, Inc.

Fossil Group, Inc.

Fossil Group, Inc.

Overview
Date Founded

1991

Headquarters

901 SOUTH CENTRAL EXPRESSWAY, RICHARDSON, TX, 75080

Type of Company

Public

Employees (Worldwide)

10.2K

Industries

Apparel & Footwear
Advertising & Marketing
Industrial Machinery & Manufacturing
Luxury & Specialty Goods
Consumer Services

Company Description

Fossil is a global retailer specializing in the design, innovation, and marketing of fashion lifestyle and accessory products. At the heart of the Company’s vision is a commitment to fostering creativity and delivering the best in design through its two core businesses: Fossil brand; and a multi-brand watch business. The Fossil brand is rooted in authenticity and a distinctive vintage-inspired design aesthetic. With over 390 stores worldwide and a strong global e-commerce business, the brand is internationally known for its eclectic assortment of lifestyle and accessory items including watches, handbags, and clothing. The Company also creates fashion accessories for a number of other owned and licensed brands including MICHELE, Zodiac, Relic, Emporio Armani, DKNY, Armani Exchange, Michael Kors, Diesel, Burberry, Marc by Marc Jacobs, Adidas, Skagen Denmark, and Karl Lagerfeld. The Company is constantly developing its multi-brand portfolio through its core competencies in innovative branding, world-class design, and dynamic global distribution. Highlights Fossil’s diverse portfolio of world-class brands gives it a unique position in the global marketplace. Each core business yields high-margin profits, in addition to a growing and profitable retail segment. We at Fossil are actively committed to our brands, core values, and community. Our strategically-varied channels of distribution of aspiration lifestyle brands coupled with a strong balance sheet have contributed to our global success for over 25 years and provide significant opportunities for future growth. The Business Fossil is comprised of two core businesses: the Fossil brand, and a multi-brand watch business. We believe that the sustainable growth and success of the Company lies in this diversified business model, strengthened by the worldwide appeal of each of the constituent lifestyle brands. Brand Building We build world-class brands. Supported by the best talent in the industry, we specialize in developing the distinct design DNA that defines each brand. We then utilize our world-class global distribution network to bring our collections to life, strategically merchandising these curated product stories to further reinforce the unique strengths of each business

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer, Executive Vice President, Treasurer

Vice President, General Counsel & Secretary

Chief Commercial Officer & Executive Vice President

Executive Vice President, Asia Pacific

Executive Vice President, Human Resources

Executive Vice President, Chief Brand Officer

Executive Vice President, EMEA

Executive Vice President, Portfolio Brands

Senior Vice President, Global Finance & Accounting & Chief Accounting Officer

Board of Directors

Chief Executive Officer at Fossil Group, Inc.

Chief Executive Officer & President at Kohl's Department Stores, Inc.

Chief Brand Officer at WW International, Inc.

CBA Dean's Office Executive in Residence at University of Akron

Former Professional at Target Corp.

Former Chief Financial Officer & Senior Vice President at Levi Strauss & Co.

Senior Vice President & Corporate Controller at Cadbury Nigeria Plc

Director & Chief Growth Officer at Shiseido Group UK Ltd.

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Fossil Group, Inc.
Owners & Shareholders
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Contrarius Investment Management Ltd. is an active, contrarian manager which aims to create long-term wealth for clients by buying stocks they believe are trading below their intrinsic value and which are attractive relative to other opportunities. They follow a valuation-based investment approach, performing proprietary bottom-up research which seeks to determine the intrinsic value of an investment. The firm sells stocks when they believe they have reached their underlying intrinsic value or when they are less attractive than other opportunities, aiming to avoid the permanent loss which can result from continuing to hold a stock that ultimately corrects to fair value. Contrarius takes a long-term approach to investing, with a typical investment horizon of four years, believing that the ability to outperform in the long-term is largely determined by focusing on the long-term value of a business rather than short-term news flow.

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BWM is an active, value-oriented manager which performs in-house research, estimating the intrinsic value of securities and buying only those that are most significantly undervalued providing a margin of safety, which is the key element within classical value investing.The firm utilizes a variety of analytical tools to determine intrinsic value including dividend discount models, sum of the parts valuations, private market values, relative value within a sector, etc. They realize that risk indicators such as volatility and beta, are based on sophisticated statistical theory and are convinced that thorough fundamental research reduces risk even more.

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WAM invests in publicly traded equity and fixed income securities. They purchase small, mid and large cap stocks, as well as corporate, municipal and government bonds. The firm utilizes qualitative, quantitative and technical analysis in evaluating securities. WAM gathers information to evaluate securities from meetings with corporate management, press releases, conference calls, SEC filings, financial newspapers and magazines, industry sources and Wall Street research materials.

Recent Transactions
Details Hidden

Google, Inc., Alphabet, Inc. purchase Fossil Group, Inc. /Smartwatch Asset from Fossil Group, Inc.

Details Hidden

Axon Enterprise, Inc. purchases Misfit, Inc. from Fossil Group, Inc.

Details Hidden

Fossil Group, Inc. purchases Misfit, Inc. from Horizons Ventures Ltd., GGV Capital (China), Xiaomi Ventures Ltd., The Founders Fund Management LLC, Beijing Shunwei Venture Capital Co., Ltd., incTANK, Inc., Khosla Ventures LLC, Norwest Venture Partners

Transaction Advisors
Accountant

Advised onFossil Group, Inc. purchases Tempus International Corp

Investment Advisor

Advised onFossil Group, Inc. purchases Misfit, Inc. from Norwest Venture Partners, Khosla Ventures LLC, The Founders Fund Management LLC, incTANK, Inc., GGV Capital (China), Horizons Ventures Ltd., Beijing Shunwei Venture Capital Co., Ltd., Xiaomi Ventures Ltd.

Selling Group Member

Advised onFossil Group, Inc. issued USD Common Stock

Legal Advisor

Advised onFossil Group, Inc. purchases Misfit, Inc. from Norwest Venture Partners, Khosla Ventures LLC, The Founders Fund Management LLC, incTANK, Inc., GGV Capital (China), Horizons Ventures Ltd., Beijing Shunwei Venture Capital Co., Ltd., Xiaomi Ventures Ltd.

Legal Advisor

Advised onFossil Group, Inc. purchases Misfit, Inc. from Norwest Venture Partners, Khosla Ventures LLC, The Founders Fund Management LLC, incTANK, Inc., GGV Capital (China), Horizons Ventures Ltd., Beijing Shunwei Venture Capital Co., Ltd., Xiaomi Ventures Ltd.

Associate

Advised onFossil Group, Inc. purchases Skagen Designs Ltd.

Advisors & Consultants
Publicist

Former Senior Managing Director at ICR LLC

Legal Advisor

Partner at Kilpatrick Townsend & Stockton LLP

Clients

In 1969, the Detroit-based J.L. Hudson Company merged with the Dayton Corporation to form the Dayton-Hudson Corporation

Kohl's Corp. owns and operates family-oriented department stores. It offers apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Key Stats and Financials As of 2019
Market Capitalization
$779M
Total Enterprise Value
$752M
Earnings Per Share
$-1.04
Revenue
$2.22B
Net Profit
$-52.4M
EBITDA
$71.3M
EBITDAMargin
3.22%
Total Debt
$563M
Total Equity
$504M
Enterprise Value / Sales
0.34x
Enterprise Value EBITDAOperating
5.53x
TEVNet Income
-14.36x
Debt TEV
0.75x
Three Year Compounded Annual Growth Rate Of Revenue
-10%
Non-Profit Donations & Grants
Suppliers
Tory Burch LLC Consumer Services | New York, NY

Tory Burch LLC designs, manufactures, and sells women's apparel and accessories. Its products include sweaters, jackets, pants, heels, wedges, totes, cross body bags, wallets, eyewear, and perfume. The company was founded by Tory A. Burch in 2004 and is headquartered in New York, NY.

Capri Holdings Ltd. Retail: Apparel & Footwear | London, United Kingdom

Capri Holdings Ltd. engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women's apparel and accessories and men's apparel. It operates through the following segments: Versace, Jimmy Choo and Michael Kors. The Versace segment sells Versace luxury ready-to-wear, accessories, footwear and home furnishings through directly operated Versace boutiques. The Jimmy Choo segment sells Jimmy Choo luxury goods to end clients through directly operated Jimmy Choo stores. The Michael Kors segment sells Michael Kors products through four primary Michael Kors retail store formats: Collection, Lifestyle, outlet stores and e-commerce. The company was founded by Michael David Kors on December 13, 2002 and is headquartered in London, the United Kingdom.

Giorgio Armani SpA Holding Companies | Milan, Italy

Giorgio Armani SpA engages in design, manufacture, and distribution of clothing and accessories. Its products include haute couture and ready-to-wear, bags, shoes, jewelry, fragrances, and cosmetics. The company was founded by Giorgio Armani and Sergio Galeotti on July 24, 1975 and is headquartered in Milan, Italy.

Competitors
LVMH Apparel & Footwear - Paris, Fra

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories form men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

Kering Retail: Other - Paris, France

Kering SA engages in the retail of apparels and accessories. It designs, manufactures, and markets luxury products. The company operates through the following segments: Luxury and Sports & Lifestyle. The Luxury segment gathers portfolio of highly attractive brand including Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, and Ulysse Nardin. The Sports & Lifestyle brings iconic brands including Puma, Volcom, Cobra, Electric, and Tretorn. Kering was founded in 1963 and is headquartered in Paris, France.

Apple, Inc. Computer Hardware - Cupertino, CA

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in 1977 and is headquartered in Cupertino, CA.

Awards & Honors
Rank #683
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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