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Fossil Group

Fossil Group, Inc.
Public
Traded as NASDAQFOSL
S&P 400 Component
Industry Recreational Goods
Founded 1984; 33 years ago (1984)
Founder Tom Kartsotis
Headquarters Richardson, Texas, United States
Number of locations
364
Key people
Tom Kartsotis, Chairman
Kosta N. Kartsotis, CEO
Michael Barnes , COO
Dennis R. Secor , CFO
Products Watches, Wallets, Designer Jewelry, Designer Fragrance (Men's & Women's 1984), Women's Handbags, Various Leather Products: Computer Bags, Backpacks, Belts, and much more!
Revenue
  • Increase US$ 3,259.971 million (2013)
  • Increase US$ 2,857.508 million (2012)
  • Increase US$ 561.596 million (2013)
  • Increase US$ 488.84 million (2012)
  • Increase US$ 378.152 million (2013)
  • Increase US$ 343.401 million (2012)
Total assets
  • Increase US$ 2,230.414 million (2013)
  • Increase US$ 1,841.989 million (2012)
Total equity
  • Decrease US$ 1,075.367 million (2013)
  • Increase US$ 1,240.464 million (2012)
Number of employees
10,500 (2010)
Website www.fossil.com

Fossil Group, Inc. is an American fashion designer and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Abacus, Michele Watch & Now Coach NY, Skagen Denmark and Zodiac Watches. Fossil also makes licensed accessories 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 . The company name represents the nickname the brothers had for their father.

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.


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