Fossil Group, Inc. Announces Elimination of Greg A. Mckelvey as Executive Vice President, Chief Commercial Officer
August 09, 2023 at 11:01 am EDT
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On August 4, 2023, Fossil Group, Inc. announced Mr. Greg A. McKelvey, Executive Vice President, Chief Commercial Officer, that his position with the Company was being eliminated in connection with the Company?s ongoing Transform and Grow strategy. Mr. McKelvey will remain employed with the Company through August 11, 2023. Mr. McKelvey?s responsibilities will be assumed by other executive officers at the Company.
Fossil Group, Inc. is a design, marketing and distribution company that specializes in consumer fashion accessories. The Companyâs principal offerings include a line of men's and women's fashion traditional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. Its segments include Americas, Europe and Asia. The Americas is comprised of sales from its operations in the United States, Canada and Latin America. Europe segment is comprised of sales to customers based in European countries, the Middle East and Africa. Asia segment is comprised of sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea and Thailand. The Company's owned brands include FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, and TORY BURCH. Its products are distributed through wholesale, retail stores, commercial Website, and others.