All Brands Owned by Fossil Group, Inc.

Is Fossil Group publicly traded?
No. Fossil Group was delisted from Nasdaq in December 2024 after being acquired by an affiliate of Escalante Capital for approximately $1.3 billion at $2.30 per share. The company had been publicly traded since its IPO in 1993.

Who owns Fossil Group?
Fossil Group is owned by an affiliate of Escalante Capital, a private investment firm. The acquisition was completed in December 2024. The Kartsotis family, including founder Tom Kartsotis, retained significant ownership stakes through the privatization.

What brands does Fossil Group own?
Fossil Group owns three main brands: Fossil (fashion watches and accessories), Skagen (Danish-inspired minimalist watches), and Michele (luxury women's watches). The company also produces watches under license from Emporio Armani, Diesel, Michael Kors, Kate Spade, and Tory Burch.

Who founded Fossil Group?
Fossil Group was founded in 1984 by Tom Kartsotis in Richardson, Texas. The company started as an import business selling fashion watches and went public in 1993.

Why did Fossil Group go private?
Fossil Group was acquired by Escalante Capital in December 2024 to enable a comprehensive financial and operational restructuring away from the pressures of public market quarterly reporting. The company's revenue had declined from $3.2 billion in 2015 to $1.45 billion in 2023, and the board unanimously approved the going-private transaction.

Did Fossil sell its smartwatch technology to Google?
Yes. In 2019, Fossil sold smartwatch technology intellectual property to Google (now Alphabet) for $40 million. This followed Fossil's $260 million acquisition of Misfit, a wearable technology company, in 2015. The transaction effectively ended Fossil's independent smartwatch development program.

Where is Fossil Group headquartered?
Fossil Group is headquartered in Richardson, Texas, in the Dallas-Fort Worth metroplex. The company has maintained its headquarters in Texas since its founding in 1984.