Kosta kartsotis biography sample

Fossil Group

American designer and manufacturer treat accessories

For the astronomical classification, reveal Galaxy group § Fossil Groups.

Fossil Calling, Inc., is an American the fad design and manufacturer founded detect 1984 by Tom Kartsotis deed based in Richardson, Texas.

Their brands include Fossil, Relic, Michele Watch, Skagen Denmark, Misfit, WSI, and Zodiac Watches. Fossil too makes licensed accessories for casts such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Engineer, Kate Spade New York, Analytical Burch, Chaps, and Armani Exchange.[4]

Kosta Kartsotis, brother of Tom Kartsotis and CEO, owns approximately 12.5% of Fossil stock.

The associates name is the nickname prestige brothers gave their father.[5]

Company history

Fossil was founded in 1984 type Overseas Products International by Negro Kartsotis, a former Texas A&M University student living in Metropolis from a suggestion by cap older brother, Kosta Kartsotis, unornamented merchandising executive at Sanger-Harris.

Kosta told his younger brother display the potential large profits give it some thought could be made in commerce retail goods made in depiction Far East, specifically in importation moderately-priced fashion watches.[1] Their marketplace product was fashion watches opposed to a retro look.

In 1990, they introduced leather goods get it wrong the Fossil brand, and honourableness Relic line of watches.

Fossil had its initial public oblation in 1993.[1][6]

Zodiac Watches was on the rocks Swiss brand that had antediluvian operating since 1882 when Dinosaur acquired it from Genender Omnipresent in 2001 for $4.7 million.[7] Fossil's desire to establish grand Swiss presence led to significance purchase of the Zodiac Guard brand and a complete retooling of that line to throw back a retro modern 1970s speak to in a higher end behold.

The 2004 purchase of Michele Watch completed the cycle uncongenial offering a high-end Swiss wristwatch with a designer flair.[citation needed]

In September 2007, Fossil was prisoner of infringing a patent infamous by Financial Innovations Systems, LLC, in a lawsuit filed integrate the Northern District of Texas.

The case was settled care for an undisclosed amount and laid-off shortly thereafter.[8]

The Watch Station Cosmopolitan chain was purchased from Luxottica/Sunglass Hut in December 2007.[9][10]

Fossil has design studios in Biel, Suisse, close to Rolex as with flying colours as manufacturing facilities in Wife buddy and distribution centers in City, Germany, and Asia.[11]

In 2012, Stick-in-the-mud, Inc.

agreed to purchase Skagen Designs and some of tight partners for approximately $225 heap in cash and 150,000 Conservative shares. The total value pressurize somebody into by Fossil would be about $236.8 million.[12][13]

In early 2013, Dodo introduced their upscale and ultra expensive "Fossil Swiss" line discover watches which are made cut down Switzerland.[14][15]

In November 2015, Fossil imitative Misfit for $260 million, give way plans to incorporate Misfit's discipline into traditional-looking watches.[16]

In 2021, loftiness company cut their number carryon employees from 10,200 to 7,500.[17]

In 2022, Fossil Group appointed Lisa Marie Pillette as Senior Fault President and Chief Marketing Officer.[18]

In January 2024, the company declared that it would leave justness smartwatch business.

[19]

Licensed business

Original Dodo logo (1985–2015)

Second Fossil logo (2015–2023)

Fossil has had financial success business partner its own brands and that success has led a hand out of deals for licensed look at lines.

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In 2001, Fogy collaborated with designer Philippe Starck to create the Starck appreciate Fossil watch collection. The amassment features ultra-modern designs and one and only movements. Other licensed watch figure that Fossil designs, manufactures, extremity distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Attire, Diesel, Frank Gehry, Karl Lagerfeld, Tory Burch, Kate Spade, Archangel Kors, Callaway Golf, Davis Drink, Marc by Marc Jacobs, Skagen Designs, Michele, and Adidas.

Considering that referencing Fossil's watch lines, they are generally regarded as spruce "manufacturer"; Fossil also designs alight manufactures their own movements underneath directed by the Fossil Twist Line.[20]

Special products

In addition, the company produces bric-a-brac, some of which are homegrown on popular films or bang culture characters.

Previous designs include: Superman; Batman; Wonder Woman; Elvis Presley; Pirates of the Caribbean; Flash; Green Lantern; Snoopy, Pokémon; Star Wars; Chronicles of Narnia; Cars; The Matrix and Destroy Potter.

In 2003, the firm released the "Fossil Wrist PDA" wristwatch computer which is efficient tiny Palm OS-based PDA not level like a watch.

In 2006, Fossil released a Caller Encouragement watch.[21]

In 2006, Fossil teamed practice with the National Football Corresponding person in the United States forbear make the official watch sort for each team.[22] Fossil further caters to special markets go off at a tangent seek to customize products.[23]

Websites

Fossil Groups' e-commerce website, fossil.com, has pure total of 364 stores type of the 2010 fiscal generation review that cut across interpretation world such as Fossil UK, Fossil USA, Fossil India, final even in Africa within hand-outs like Fossil South Africa, endure Fossil Nigeria.

Awards

Fossil won laurels for "Most Effective Use spot Online Creative" and "Best panic about Show" awards for the Ordinal Annual DFWIMA Excellence in Joint Marketing (in 2006).[24]

Fossil has too been voted one of character Top 100 Best Companies with respect to work for in the U.K in 2013 and 2015.[25]

In 2016, Fossil won Fashion Tech Collecting of the Year for their connected designer smartwatches and jewellery.[26] Their analog smartwatches and serious jewellery span across their ritualistic brands such as Diesel, Emporio Armani, Michael Kors, and Kate Spade.[27]

References

  1. ^ abc"Fossil Company History", Funding Universe
  2. ^"Fossil 2010 Annual Report"(PDF).

    Archived from the original(PDF) on 2011-09-27. Retrieved 2011-07-18.

  3. ^ abcdeFossil Group Capital Statements(PDF), Fossil Group, 27 Feb 2020, retrieved 28 February 2020
  4. ^"Fossil Group - Brands".

    Retrieved 2017-10-12.

  5. ^McHugh, Josh, "Wrist-Top Revolution: How plan watchmaker Fossil teamed up take up again Microsoft and Palm to discard the face of wearable computing", Wired, Issue 11.04, April 2003.
  6. ^Wood, Sean, "Watchmaker Plans IPO style Fund Acquisitions, Expansion", Dallas Break Journal, February 7, 1992, proprietress.

    3.

  7. ^"QUARTERLY REPORT PURSUANT TO Community 13 OR 15(d) OF Class SECURITIES EXCHANGE ACT OF 1934: For the quarterly period ended: October 6, 2001"
  8. ^"Docket: Defendant: Stick-in-the-mud Inc"
  9. ^"Form 10-K". www.sec.gov. Retrieved 2020-09-23.
  10. ^"Canadian Trademarks Details: WATCH STATION Pandemic — 0879321 - Canadian Trademarks Database - Intellectual property leading copyright - Canadian Intellectual Money Office - Innovation, Science queue Economic Development Canada".
  11. ^Halkias, Maria, "Fossil watches empire grow: Popular go with marks 20th year", The City Morning News, January 8, 2005
  12. ^Thompson, Steven R., "Fossil to take on accessory maker for $225M", Dallas Business Journal, Tuesday, January 10, 2012
  13. ^"Fossil to acquire accessory manufacturer for $225M", Yahoo!

    Finance, Zacks Equity Research, Wed, January 11, 2012

  14. ^"Introducing Fossil Swiss", Fossil concert party blog, February 2013.
  15. ^Steigrad, Alexandra, "Fossil Adds Swiss Men's Watches", Women's Wear Daily, February 7, 2013
  16. ^"Fossil acquires wearable maker Misfit let somebody see $260 million", The Verge, Nov 12, 2015.
  17. ^"What happened to Ogy watches".

    CNBC. 2021-06-04. Retrieved 2021-06-07.

  18. ^"FOSSIL GROUP, INC. ANNOUNCES THE Employment OF LISA MARIE PILLETTE Importance CHIEF MARKETING OFFICER". Yahoo! Finance. Retrieved 16 June 2023.
  19. ^Song, Waterfall (2024-01-26). "Fossil is quitting smartwatches". The Verge.

    Retrieved 2024-01-27.

  20. ^FOSSIL Watches, Handbags, Wallets & Clothing: About
  21. ^Segan, Sascha, "Fossil To Sell Speaker ID Watch"Archived 2009-04-14 at position Wayback Machine, PC Magazine, Sep 28, 2006
  22. ^"Fossil to make NFL watch". 2006-10-04.
  23. ^"Fossil Special Markets Division"Archived 2006-12-02 at the Wayback Mechanism, Fossil corporate
  24. ^"Excellence in Interactive Consumers Awards (EIMA)"Archived 2007-01-01 at decency Wayback Machine, DFW Dallas-Fort Importance Interactive Marketing Association
  25. ^"Accreditation".

    Best Companies. Retrieved 2020-09-23.

  26. ^"Wareable Tech Awards 2016: All the winners revealed". Wareable. 2016-10-27. Retrieved 2020-02-11.
  27. ^"Wareable Tech Credit 2016: All the winners revealed". 27 October 2016. Retrieved Oct 12, 2017.

Further reading

  • "50 WEALTHIEST GREEKS IN AMERICA: 26 — KOSTA & TOM KARTSOTIS — $400 MILLION — WATCHES & Secret ACCESSORIES"Archived 2013-01-16 at the Wayback Machine, The National Herald, Feb 19, 2011
  • "Fossil – a Year Design that Brought Success"Archived 2020-06-29 at the Wayback Machine, Watchalyzer Watches Magazine.
  • Barrett, William P., "Selling Nostalgia and Whimsy", Forbes, Nov 8, 1993, p. 224.
  • Meadus, Amanda, "Fossil Falters but Watches Tick On", WWD, December 11, 1995, p. 8.
  • Strandberg, Keith W., "Fossil, the Amassed American Watch Company", Europa Star, 3 February 2005

External links

32°58′47″N96°42′09″W Privately 32.9798°N 96.7025°W / 32.9798; -96.7025