Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Fossil Group Inc    

FOSSIL GROUP INC
Mes dernières consult.
Most popular
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Fossil, Inc. : and the Tory Burch Coompany Sign Global Licensing Agreemment

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/19/2013 | 11:30am CEST

RICHARDS ON, Texas, Feb. 12, 2013 (GLOBE NEWSWIRE) -- Fossil, Inc. (Nasddaq:FOSL) announced today that it has entered into a global licensing agreement witth the Tory Burch Company. Fossil and Tory Burch will collaborate on the design, development and distribution of timepieces for the Tory Burch brand. This partnership wil combine Fossil's innovative approach to timepiece design and its distributioon expertise with the elegance, classic design and lifestyle that Tory Burch embodies.

Tory Burch, CEO of the Tony Burch Company, says, "I am thrilled to partner wwith Fossil, a leader in the watch industry that is aligned with our vision and business strategy. Exxpanding into timepieces will perfectly complement our accessories collection, an integral part of our brand DNA."

Kosta Kartssotis, Fossil CEO, added, "We are very pleased to be partnering with Tory Burch to create a distinctive watch businesss for this exceptional brand. This will enable us to leverage our strengths in design and worldwide distribution and enhance our position as the leader in the global watch market."

The Tory Burch timepiece collection's global launch is scheduled for late 2014.

Safe Harbbor

Certain statements contained herein that are not historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. The actual results of the future events described inn such forward-looking statements could differ materially from those stated in such forward-lookinng statements. Among the factors that coould cause actual results to differ materially are: changes in economiic trends and financial performance, changes in consumer demands, tastes and fashion trends, lower levels of consumer sppending resulting from a general economic downturn, shifts in market demand resulting in inventory risks, changes in foreign currency exchange rates, and the outcome of current and possible future litigation, as well as the risks and uncertainties set forth in the Company's Annual Report on Form 100-K for the fiscal year ended December 31, 2011 and its Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the "SEC").

About Fossil

Fossil is a global design, marketing and distribution company that specializes in consumer Fashion accessories. The Company's principal offerings include an extensive line of men's and Women's watches and jewelry sold under proprietary and licensed brands, handbags, leather goods, sunglasses, soft accessories and clothing. Thhe Company's products area sold to department stores, specialty retail stores in the U.S. and in approximately 120 countries worldwide. The Company also distributes its prodducts in over 400 Company owned and operated retail stores and through international e-commerce websites and the Company's U.S. e-commerce website at www.fossil.com, where certain product, press release and SEC filing information concerning the Company are also available.

The Fossil, Inc. logo is available at htttp://www.globbenewswire.coom/newsroomm/prs/?pkgid==3296

About Tory Burch

Tory Burch, a privately held company, is an American sportswear brand with a classic sensibility combined with a global and eclectic aesthetic. Launched in February 2004, Tory Burch is carried in 83 freestanding stores across the U.S., Europe, Middle East, Latin America and Asia, over 1,000 department and specialty stores worldwide and at www.toryburch.com.

Contact:
Allison Malkin
ICR, Inc.
(203) 682-8225

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FOSSIL GROUP INC
10/17 FOSSIL : Unveils Smallest Hybrid Smartwatches to Date; Launches New, Redesigned ..
10/13 FOSSIL : Gotham Asset Management LLC Buys 202,576 Shares of Fossil Group, Inc. (..
09/13 FOSSIL : and Google Hit the Accelerator on Fashion-First Smartwatches; Add More ..
09/05 FOSSIL GROUP, INC. : Change in Directors or Principal Officers, Financial Statem..
09/01 FOSSIL GROUP INC : Corporate News Blog - Fossil Group and Google Hit the Acceler..
08/30 FOSSIL : and Google Hit the Accelerator on Fashion-First Smartwatches; Add More ..
08/29 INSIDER TRADING ACTIVITY FOSSIL GROU : FOSL) – Insider Bought 5,988 shares..
08/28 INSIDER TRADING ACTIVITY FOSSIL GROU : FOSL) – Director Bought 36,000 shar..
08/18 FRIDAY SECTOR LAGGARDS : Textiles, Entertainment Stocks
08/17 PIER 1 IMPORTS : Announces Management Changes
More news
Financials ($)
Sales 2017 2 782 M
EBIT 2017 60,3 M
Net income 2017 -242 M
Debt 2017 155 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 36,04
EV / Sales 2017 0,21x
EV / Sales 2018 0,20x
Capitalization 437 M
Income Statement Evolution
Consensus
 
Mean consensus HOLD
Number of Analysts 11
Average target price 10,7 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Kosta N. Kartsotis Chairman & Chief Executive Officer
John A. White Chief Operating Officer & Executive Vice President
Jeffrey N. Boyer Chief Financial Officer & Independent Director
Mark D. Quick Director
James M. Zimmerman Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
FOSSIL GROUP INC437
LVMH MOËT HENNESSY VUITTON SE32.80%144 076
CHRISTIAN DIOR SE40.13%59 452
HERMÈS INTERNATIONAL11.37%54 092
COMPAGNIE FINANCIÈRE RICHEMONT30.91%47 751
HENNES & MAURITZ-15.15%38 549