Fossil, Inc. (NASDAQ: FOSL) is a designer and manufacturer
of
clothing and accessories, primarily
watches and
jewelry, but also
sunglasses and wallets, based
in Richardson, Texas,
United States. Their brands
include Fossil, Relic, Abacus, Michele Watch
and Zodiac Watch.
Company History
Fossil was founded in 1984 as Overseas Products
International. Their main product was fashion watches
with a retro look. In 1990, they introduced leather
goods under the Fossil brand, and the Relic line
of watches.
Fossil had an IPO in 1993
Zodiac was a Swiss brand that had been operating
since 1882 when Fossil acquired it in 2001 to give
them a higher end brand. Fossil's desire to establish
a Swiss presence led to the purchase of the Zodiac
Watch brand and a complete retooling of that line
to reflect a
retro modern 1970s
style in a higher end watch. The 2004 purchase of
Michele Watch completed the cycle by offering a
high-end Swiss watch with a designer flair.
License Business
Fossil has been
very successful with its own brands and this success has led to
companies coming to Fossil to create licensed watch lines. The licensed
watch lines that Fossil designs, manufactures, and distributes include
Burberry,
DKNY,
Emporio Armani,
Columbia Sportswear,
Diesel,
Frank Gehry,
Philippe Starck,
Michael Kors,
Callaway Golf,
Davis Cup,
Marc Jacobs and
Adidas. When referencing Fossil's
watch lines, they are generally regarded as a "manufacturer";
However, Fossil only assembles watches, using pre-made movements
and only designing the cases and dials of the watch.
Special Products
In addition, the company produces collectibles,
some of which are based on popular films or
pop culture characters. Previous designs have
include: Superman, Batman, Wonder Woman, Elvis Presley, "Pirates
of the Caribbean", Flash, Green Lantern, Snoopy,
Pokemon, Star Wars, "Chronicles of Narnia"
and Disney's "Cars".
The company released Wrist PDA which is a tiny Palm
OS-based PDA worn like a watch. In 2006, Fossil
released a Caller ID watch. Also in 2006,
Fossil teamed up with the NFL to make the official
watch collection for each team. Fossil
also caters to special markets that seek to customize
products.
Awards
Fossil won awards for "Most Effective Use of
Online Creative" and "Best of Show"
awards for the 6th Annual DFWIMA Excellence in Interactive
Marketing (in 2006)
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