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In 2012, Fossil, Inc. agreed to purchase Skagen Designs and some of its partners for approximately $225 million in cash and 150,000 Fossil shares. The total value paid by Fossil would be approximately $236.8 million. [12] [13] In early 2013, Fossil introduced their upscale and more expensive "Fossil Swiss" line of watches which are made in ...
Tom Kartsotis (left) gives U.S. Secretary of Labor Thomas Perez a tour of a new Shinola location.. Kartsotis is the founder of Fossil Inc. in 1984 and served in roles including Director, President, Chief Executive Officer, Chairman from 1984 to January 2010. [3]
Zodiac Watches, or simply Zodiac, is an American [1] brand of Swiss-made watches founded in 1882 by Ariste Calame in Le Locle, Switzerland. The company mostly focuses on its dive watches through its Sea Wolf line, [ 2 ] one of the first modern dive watches, which debuted in 1953, before the Rolex Submariner and after Blancpain Fifty Fathoms. [ 3 ]
1995 — New York department store Bloomingdale's agrees to trial period, selling their watches. 1998 — Company lists as one of the 250 fastest-growing privately owned U.S. companies, opens European distribution office in Denmark, 80 stores in that country begin selling their watches, annual sales [4] approaches US$30 million.
The development of the Fossil Wrist PDA began in 1999 when engineer Donald Brewer and Fossil Product Manager Jeff Bruneau licensed a read-only version of the Palm OS from Palm Source and tried to make it work in a watch. [1] For the first year of development, Brewer struggled to make the watch small enough to be wearable.
The company's first watch was released in March 2013. Produced in an edition of 2,500 and available in two sizes, The Runwell Limited Edition 47mm sold out in one week, with the last 40mm watch selling out in under two weeks. The watches were priced at $550, with approximately 35% of the sales coming from Michigan. [29]