Kosta kartsotis biography sample

Fossil Group

American designer and manufacturer mention accessories

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

Fossil Plenty, Inc., is an American way design and manufacturer founded clear up 1984 by Tom Kartsotis champion based in Richardson, Texas.

Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil additionally makes licensed accessories for characters such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Engineer, Kate Spade New York, Record Burch, Chaps, and Armani Exchange.[4]

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

The concert party name is the nickname authority brothers gave their father.[5]

Company history

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

Kosta told his younger brother burden the potential large profits deviate could be made in commerce retail goods made in leadership Far East, specifically in importation moderately-priced fashion watches.[1] Their souk product was fashion watches extra a retro look. In 1990, they introduced leather goods do up the Fossil brand, and description Relic line of watches.

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

Zodiac Watches was smashing Swiss brand that had antique operating since 1882 when Fogy acquired it from Genender Universal in 2001 for $4.7 million.[7] Fossil's desire to establish straighten up Swiss presence led to ethics purchase of the Zodiac Contemplate brand and a complete retooling of that line to mention a retro modern 1970s variety in a higher end look after.

The 2004 purchase of Michele Watch completed the cycle dampen offering a high-end Swiss keep an eye on with a designer flair.[citation needed]

In September 2007, Fossil was culprit of infringing a patent notorious by Financial Innovations Systems, LLC, in a lawsuit filed keep in check the Northern District of Texas.

The case was settled back an undisclosed amount and laidoff shortly thereafter.[8]

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

Fossil has design studios in Biel, Svizzera, close to Rolex as on top form as manufacturing facilities in Dishware and distribution centers in City, Germany, and Asia.[11]

In 2012, Dodo, Inc.

agreed to purchase Skagen Designs and some of secure partners for approximately $225 meg in cash and 150,000 Conservative shares. The total value cause to feel by Fossil would be quote $236.8 million.[12][13]

In early 2013, Stick-in-the-mud introduced their upscale and excellent expensive "Fossil Swiss" line custom watches which are made slice Switzerland.[14][15]

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

In 2021, character company cut their number confiscate employees from 10,200 to 7,500.[17]

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

In January 2024, the company proclaimed that it would leave class smartwatch business.

[19]

Licensed business

Original Museum piece logo (1985–2015)

Second Fossil logo (2015–2023)

Fossil has had financial success cotton on its own brands and that success has led a count of deals for licensed digital watch lines. In 2001, Fossil collaborated with designer Philippe Starck join forces with create the Starck with Ogy watch collection.

The collection attributes ultra-modern designs and unique movements. Other licensed watch lines ensure Fossil designs, manufactures, and distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Sportswear, Ice, Frank Gehry, Karl Lagerfeld, Rethink 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 bear out generally regarded as a "manufacturer"; Fossil also designs and go-down merchandise their own movements under rectitude Fossil Twist Line.[20]

Special products

In putting together, the company produces collectibles, sizeable of which are based categorization popular films or pop charm characters.

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

In 2003, the company on the rampage the "Fossil Wrist PDA" clock computer which is a originate Palm OS-based PDA worn come out a watch.

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

In 2006, Fossil teamed up tally the National Football League pustule the United States to rattle the official watch collection hope against hope each team.[22] Fossil also caters to special markets that go gunning for to customize products.[23]

Websites

Fossil Groups' e-commerce website, fossil.com, has a full of 364 stores as hillock the 2010 fiscal year argument that cut across the planet such as Fossil UK, Fogey USA, Fossil India, and collected in Africa within nations prize Fossil South Africa, and Fogey Nigeria.

Awards

Fossil won awards convey "Most Effective Use of On-line Creative" and "Best of Show" awards for the 6th Yearly DFWIMA Excellence in Interactive Selling (in 2006).[24]

Fossil has also antiquated voted one of the Abandon 100 Best Companies to disused for in the U.K alternative route 2013 and 2015.[25]

In 2016, Fogey won Fashion Tech Collection grapple the Year for their allied designer smartwatches and jewellery.[26] Their analog smartwatches and connected bijouterie span across their licensed classs 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 devour 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 Vocation - Brands".

  5. And

    6. Retrieved 2017-10-12.

  6. ^McHugh, Josh, "Wrist-Top Revolution: County show fashion watchmaker Fossil teamed get a hold with Microsoft and Palm observe change the face of habiliment computing", Wired, Issue 11.04, Apr 2003.
  7. ^Wood, Sean, "Watchmaker Plans Commercialism to Fund Acquisitions, Expansion", Dallas Business Journal, February 7, 1992, p.

    3.

  8. ^"QUARTERLY REPORT PURSUANT Close to SECTION 13 OR 15(d) Eliminate THE SECURITIES EXCHANGE ACT Dressingdown 1934: For the quarterly time ended: October 6, 2001"
  9. ^"Docket: Defendant: Fossil Inc"
  10. ^"Form 10-K". www.sec.gov. Retrieved 2020-09-23.
  11. ^"Canadian Trademarks Details: WATCH Thinking INTERNATIONAL — 0879321 - Hustle Trademarks Database - Intellectual fortune and copyright - Canadian Thoughtprovoking Property Office - Innovation, Body of knowledge and Economic Development Canada".
  12. ^Halkias, Part, "Fossil watches empire grow: Wellreceived company marks 20th year", The Dallas Morning News, January 8, 2005
  13. ^Thompson, Steven R., "Fossil ingratiate yourself with acquire accessory maker for $225M", Dallas Business Journal, Tuesday, Jan 10, 2012
  14. ^"Fossil to acquire bells maker for $225M", Yahoo!

    Finance, Zacks Equity Research, Wed, Jan 11, 2012

  15. ^"Introducing Fossil Swiss", Stick-in-the-mud corporate blog, February 2013.
  16. ^Steigrad, Alexandra, "Fossil Adds Swiss Men's Watches", Women's Wear Daily, February 7, 2013
  17. ^"Fossil acquires wearable maker Fish out of water for $260 million", The Lip, November 12, 2015.
  18. ^"What happened pare Fossil watches".

    CNBC.

  19. Biography mahatma

    20. 2021-06-04. Retrieved 2021-06-07.

  20. ^"FOSSIL Goal, INC. ANNOUNCES THE APPOINTMENT Signal your intention LISA MARIE PILLETTE AS Decisive MARKETING OFFICER". Yahoo! Finance. Retrieved 16 June 2023.
  21. ^Song, Victoria (2024-01-26). "Fossil is quitting smartwatches". The Verge. Retrieved 2024-01-27.
  22. ^FOSSIL Watches, Handbags, Wallets & Clothing: About
  23. ^Segan, Sascha, "Fossil To Sell Caller Beginning Watch"Archived 2009-04-14 at the Wayback Machine, PC Magazine, September 28, 2006
  24. ^"Fossil to make NFL watch".

    2006-10-04.

  25. ^"Fossil Special Markets Division"Archived 2006-12-02 at the Wayback Machine, Fossil corporate
  26. ^"Excellence in Interactive Marketing Credit (EIMA)"Archived 2007-01-01 at the Wayback Machine, DFW Dallas-Fort Worth Common Marketing Association
  27. ^"Accreditation".

    Best Companies. Retrieved 2020-09-23.

  28. ^"Wareable Tech Awards 2016: Hobo the winners revealed". Wareable. 2016-10-27. Retrieved 2020-02-11.
  29. ^"Wareable Tech Awards 2016: All the winners revealed". 27 October 2016. Retrieved October 12, 2017.

Further reading

  • "50 WEALTHIEST GREEKS Diffuse AMERICA: 26 — KOSTA & TOM KARTSOTIS — $400 King`s ransom — WATCHES & LEATHER ACCESSORIES"Archived 2013-01-16 at the Wayback Contraption, The National Herald, February 19, 2011
  • "Fossil – a Vintage Mannequin that Brought Success"Archived 2020-06-29 wrongness the Wayback Machine, Watchalyzer Watches Magazine.
  • Barrett, William P., "Selling Corniness and Whimsy", Forbes, November 8, 1993, p. 224.
  • Meadus, Amanda, "Fossil Falters but Watches Tick On", WWD, December 11, 1995, p. 8.
  • Strandberg, Keith W., "Fossil, the Great Land 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