Fossil Group
Fossil Group, Inc. is an American designer and manufacturer of accessories, primarily watches and jewelry, but also sunglasses, wallets, handbags and belts. Based in Richardson, Texas, United States. Their brands include Fossil, Relic, Abacus, Michele Watch & Now Coach NY, Skagen, and Zodiac Watches.
Fossil also makes watches for brands such as Adidas, Emporio Armani, Karl Lagerfeld, Michael Kors, Marc by Marc Jacobs, Burberry, DKNY, Diesel and Armani Exchange.
CEO Kosta Kartsotis owns approximately 12% of Fossil stock. The company name represents the nickname the brothers had for their father.
Company history
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. 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. 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.