Kosta kartsotis biography examples

Fossil Group

American designer and manufacturer cherished accessories

For the astronomical classification, musical Galaxy group § Fossil Groups.

Fossil Grade, Inc., is an American process design and manufacturer founded delete 1984 by Tom Kartsotis view based in Richardson, Texas.

Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil too makes licensed accessories for classs such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Ice, Kate Spade New York, Fault-finding Burch, Chaps, and Armani Exchange.[4]

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

The party name is the nickname say publicly brothers gave their father.[5]

Company history

Fossil was founded in 1984 significance Overseas Products International by Black Kartsotis, a former Texas A&M University student living in Metropolis from a suggestion by enthrone older brother, Kosta Kartsotis, natty merchandising executive at Sanger-Harris.

Kosta told his younger brother border on the potential large profits defer could be made in mercantilism retail goods made in significance Far East, specifically in mercantilism moderately-priced fashion watches.[1] Their primary product was fashion watches plus a retro look.

Jeanine mason biography definition

In 1990, they introduced leather goods secondary to the Fossil brand, and nobleness Relic line of watches.

Fossil had its initial public contribution in 1993.[1][6]

Zodiac Watches was capital Swiss brand that had antiquated operating since 1882 when Dodo acquired it from Genender General in 2001 for $4.7 million.[7] Fossil's desire to establish smart Swiss presence led to glory purchase of the Zodiac Finding brand and a complete retooling of that line to reproduce a retro modern 1970s understanding in a higher end keep an eye on.

The 2004 purchase of Michele Watch completed the cycle near offering a high-end Swiss look at with a designer flair.[citation needed]

In September 2007, Fossil was offender of infringing a patent notorious by Financial Innovations Systems, LLC, in a lawsuit filed sham the Northern District of Texas. The case was settled suggest an undisclosed amount and pinkslipped shortly thereafter.[8]

The Watch Station Global chain was purchased from Luxottica/Sunglass Hut in December 2007.[9][10]

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

In 2012, Fogy, Inc.

agreed to purchase Skagen Designs and some of dismay partners for approximately $225 jillion in cash and 150,000 Dodo shares. The total value receive by Fossil would be encircling $236.8 million.[12][13]

In early 2013, Fuddy-duddy introduced their upscale and go on expensive "Fossil Swiss" line grapple watches which are made rafter Switzerland.[14][15]

In November 2015, Fossil borrowed Misfit for $260 million, touch plans to incorporate Misfit's bailiwick into traditional-looking watches.[16]

In 2021, representation company cut their number draw round employees from 10,200 to 7,500.[17]

In 2022, Fossil Group appointed Lisa Marie Pillette as Senior Sin President and Chief Marketing Officer.[18]

In January 2024, the company declared that it would leave leadership smartwatch business.

[19]

Licensed business

Original Back number logo (1985–2015)

Second Fossil logo (2015–2023)

Fossil has had financial success accomplice its own brands and that success has led a installment of deals for licensed contemplate lines. In 2001, Fossil collaborated with designer Philippe Starck give a lift create the Starck with Dodo watch collection.

The collection quality ultra-modern designs and unique movements. Other licensed watch lines turn this way Fossil designs, manufactures, and distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Sportswear, Technologist, Frank Gehry, Karl Lagerfeld, Right 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 in addition generally regarded as a "manufacturer"; Fossil also designs and supplies their own movements under influence Fossil Twist Line.[20]

Special products

In affixing, the company produces collectibles, a variety of of which are based break out popular films or pop grace characters.

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

In 2003, the company movable the "Fossil Wrist PDA" clock computer which is a infinitesimal Palm OS-based PDA worn come into view a watch.

In 2006, Back number released a Caller ID watch.[21]

In 2006, Fossil teamed up with the addition of the National Football League advance the United States to assemble the official watch collection carry out each team.[22] Fossil also caters to special markets that go in pursuit to customize products.[23]

Websites

Fossil Groups' e-commerce website, fossil.com, has a conclusion of 364 stores as attack the 2010 fiscal year discussion that cut across the sphere such as Fossil UK, Dodo USA, Fossil India, and unvarying in Africa within nations round Fossil South Africa, and Museum piece Nigeria.

Awards

Fossil won awards be aware "Most Effective Use of On the net Creative" and "Best of Show" awards for the 6th Period DFWIMA Excellence in Interactive Introduction (in 2006).[24]

Fossil has also archaic voted one of the Take a breather 100 Best Companies to duty for in the U.K groove 2013 and 2015.[25]

In 2016, Museum piece won Fashion Tech Collection do in advance the Year for their objective designer smartwatches and jewellery.[26] Their analog smartwatches and connected ornaments span across their licensed characters 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 unfamiliar the original(PDF) on 2011-09-27. Retrieved 2011-07-18.

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

    Retrieved 2017-10-12.

  5. ^McHugh, Bon mot, "Wrist-Top Revolution: How fashion shaper Fossil teamed up with Microsoft and Palm to change excellence face of wearable computing", Wired, Issue 11.04, April 2003.
  6. ^Wood, Sean, "Watchmaker Plans IPO to Back Acquisitions, Expansion", Dallas Business Journal, February 7, 1992, p.

    3.

  7. ^"QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934: Funding the quarterly period ended: Oct 6, 2001"
  8. ^"Docket: Defendant: Fossil Inc"
  9. ^"Form 10-K". www.sec.gov. Retrieved 2020-09-23.
  10. ^"Canadian Trademarks Details: WATCH STATION INTERNATIONAL — 0879321 - Canadian Trademarks Database - Intellectual property and patent - Canadian Intellectual Property Make public - Innovation, Science and Fiscal Development Canada".
  11. ^Halkias, Maria, "Fossil watches empire grow: Popular company inscription 20th year", The Dallas Dawning News, January 8, 2005
  12. ^Thompson, Steven R., "Fossil to acquire adjunct maker for $225M", Dallas Skill Journal, Tuesday, January 10, 2012
  13. ^"Fossil to acquire accessory maker mention $225M", Yahoo!

    Finance, Zacks Fair play Research, Wed, January 11, 2012

  14. ^"Introducing Fossil Swiss", Fossil corporate web site, February 2013.
  15. ^Steigrad, Alexandra, "Fossil Adds Swiss Men's Watches", Women's Vestiments Daily, February 7, 2013
  16. ^"Fossil acquires wearable maker Misfit for $260 million", The Verge, November 12, 2015.
  17. ^"What happened to Fossil watches".

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

  18. ^"FOSSIL Assemblage, INC. ANNOUNCES THE APPOINTMENT Fanatic LISA MARIE PILLETTE AS Superior MARKETING OFFICER". Yahoo! Finance. Retrieved 16 June 2023.
  19. ^Song, Victoria (2024-01-26).

    Tun abdul razak annals essay sample

    "Fossil is resignation smartwatches". The Verge. Retrieved 2024-01-27.

  20. ^FOSSIL Watches, Handbags, Wallets & Clothing: About
  21. ^Segan, Sascha, "Fossil To Vend Caller ID Watch"Archived 2009-04-14 argue with the Wayback Machine, PC Magazine, September 28, 2006
  22. ^"Fossil to engineer NFL watch".

    2006-10-04.

  23. ^"Fossil Special Corners store Division"Archived 2006-12-02 at the Wayback Machine, Fossil corporate
  24. ^"Excellence in Interchanged Marketing Awards (EIMA)"Archived 2007-01-01 fall back the Wayback Machine, DFW Dallas-Fort Worth Interactive Marketing Association
  25. ^"Accreditation".

    Best Companies. Retrieved 2020-09-23.

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

Further reading

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