StockNews.AI
FOSL
StockNews.AI
187 days

FOSSIL GROUP, INC. ANNOUNCES CONTINUED PARTNERSHIP WITH MICHAEL KORS TO CREATE WATCHES AND JEWELRY

1. Fossil Group extends partnership with Michael Kors through 2027, enhancing brand collaboration. 2. Continued innovation and design for Michael Kors watches and jewelry is assured. 3. CEO highlights the long-standing value of the partnership, dating back over 20 years.

5m saved
Insight
Article

FAQ

Why Bullish?

The extension of the agreement boosts investor confidence in FOSL. Similar past partnerships have led to stable revenue streams.

How important is it?

The partnership's extension signifies stability, enticing investors and impacting FOSL financially.

Why Long Term?

The multi-year contract with Michael Kors ensures steady revenue and brand recognition. Previous long-term partnerships have historically benefited FOSL's market position.

Related Companies

CAPRIMKFOSL
, /PRNewswire/ -- Fossil Group, Inc., (NASDAQ: FOSL) ("Fossil" or the "Company") today announced longtime partner Michael Kors has extended their agreement to remain a Fossil Group licensed brand through 2027. As a result of the deal, Fossil Group will continue to deliver best-in-class design and innovation for Michael Kors watches and jewelry across an extensive global distribution network. "Our relationship with Michael Kors remains among our most valued licensed partnerships," says Franco Fogliato, CEO of Fossil Group. "We are honored to have been entrusted with their brand for over 20 years and look forward to the exciting opportunities that lie ahead in our partnership." "We're delighted to announce the continuation of our long partnership with the Fossil Group. They've been a valued partner of the Michael Kors brand for many years," says John D. Idol, Chairman and CEO of Capri Holdings Limited and CEO of Michael Kors. To learn more about Fossil Group and their owned and licensed brands, visit fossilgroup.com. About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include watches, jewelry, handbags, small leather goods, belts and sunglasses. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, Diesel, DKNY, Emporio Armani, kate spade new york, Michael Kors and Tory Burch. We bring each brand story to life through an extensive distribution network across numerous geographies, categories, and channels. Certain press release and SEC filing information concerning the Company is also available at www.fossilgroup.com. About Michael Kors Michael Kors is a world-renowned, award-winning designer of luxury accessories and ready-to-wear. His namesake company, established in 1981, currently produces a range of products under Michael Kors Collection, MICHAEL Michael Kors and Michael Kors Mens, including accessories, ready-to-wear, footwear, watches, and a full line of fragrance products. Michael Kors stores are operated in the most prestigious cities in the world. In addition, Michael Kors operates digital flagships across North America, Europe and Asia, offering customers a seamless omni-channel experience. SOURCE Fossil Group WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News