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In 2006, Fossil teamed up with the National Football League in the United States to make the official watch collection for each team.
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In 2006, Fossil released a Caller ID watch. In 2003, the company released the " Fossil Wrist PDA" wristwatch computer which is a tiny Palm OS-based PDA worn like a watch. Previous designs include: Superman Batman Wonder Woman Elvis Presley Pirates of the Caribbean Flash Green Lantern Snoopy, Pokémon Star Wars Chronicles of Narnia Cars and The Matrix. In addition, the company produces collectibles, some of which are based on popular films or pop culture characters. The Fossil Wrist PDA released in 2003, which runs Palm OS In 2021, the company cut their number of employees from 10,200 to 7,500. In November 2015, Fossil acquired Misfit for $260 million, with plans to incorporate Misfit's technology into traditional-looking watches. In early 2013, Fossil introduced their upscale and more expensive "Fossil Swiss" line of watches which are made in Switzerland. The total value paid by Fossil would be approximately $236.8 million. agreed to purchase Skagen Designs and some of its partners for approximately $225 million in cash and 150,000 Fossil shares. įossil has design studios in Biel, Switzerland, close to Rolex as well as manufacturing facilities in China and distribution centers in Dallas, Germany, and Asia. The Watch Station International chain was purchased from Luxottica/ Sunglass Hut in December 2007. The case was settled for an undisclosed amount and dismissed shortly thereafter. In September 2007, Fossil was accused of infringing a patent owned by Financial Innovations Systems, LLC, in a lawsuit filed in the Northern District of Texas. The 2004 purchase of Michele Watch completed the cycle by offering a high-end Swiss watch with a designer flair. 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. Zodiac Watches was a Swiss brand that had been operating since 1882 when Fossil acquired it from Genender International in 2001 for $4.7 million. In 1990, they introduced leather goods under the Fossil brand, and the Relic line of watches.įossil had its initial public offering in 1993. Their main product was fashion watches with a retro look. Kosta told his younger brother about the potential large profits that could be made in importing retail goods made in the Far East, specifically in importing moderately-priced fashion watches. Fossil was founded in 1984 as Overseas Products International by Tom Kartsotis, a former Texas A&M University student living in Dallas from a suggestion by his older brother, Kosta Kartsotis, a merchandising executive at Sanger-Harris.