Fossil Group, Inc.
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Fossil Group, Inc. - overview
Established
1984
Location
Richardson, TX, US
Primary Industry
Consumer Products
About
Fossil Group, Inc. is a global design and distribution company specializing in lifestyle accessories, particularly known for its distinctive watches and complementary fashion accessories. Founded in 1984, Fossil Group, Inc. , headquartered in Richardson, Texas, USA, focuses on the design and marketing of watches and accessories.
The company was established by Carmen Fruchtman, Ebony Padilla, Frank Dieterle, Pen Astridge, and Tayfun Yesilpinar. Currently, the CEO is Adam Innocent. There have been no significant pivots in business strategy or operational changes noted. Fossil Group, Inc.
specializes in lifestyle accessories, primarily focusing on the design, marketing, and distribution of distinctive watches and complementary accessories. Their product offering includes a diverse portfolio that features both proprietary and partnered brands, catering to various consumer preferences and styles. These products are designed to enhance individual expression and connect users to the concept of time, serving a global clientele that spans multiple demographics. Key end-users include fashion-forward consumers in regions such as North America, Europe, and Asia-Pacific, who seek both functionality and aesthetic appeal in their accessories.
Fossil's commitment to innovation is evident in their integration of technology into traditional watch designs, addressing the growing consumer demand for smart accessories while maintaining timeless aesthetics. In the most recent fiscal year of 2024, Fossil Group generated revenue of USD 1. 145 bn, while the EBITDA for the year 2023 was reported at USD -123. 93 mn.
The company utilizes a multi-faceted distribution model that includes direct-to-consumer sales, partnerships with retailers, and collaborations with wholesalers. Currently, Fossil Group has not disclosed specific upcoming products or new markets targeted for expansion. The company appears to be leveraging its recent funding to support its ongoing operations and product range, although detailed plans have not been made available.
Primary Industry
Consumer Products
Sub Industries
Accessories, Clothing
Website
www.fossilgroup.com
Verticals
Manufacturing
Total Amount Raised
Subscriber access only
Fossil Group, Inc. - timeline of key events
Fossil Group, Inc. - financials
| Fiscal Year Ended | Jan 02, 2015 | Jan 03, 2015 | Dec 31, 2016 | Dec 30, 2017 | Dec 29, 2018 | Dec 28, 2019 | Jan 02, 2020 | Jan 01, 2021 | Dec 31, 2022 | Dec 30, 2023 | Dec 30, 2024 | Dec 30, 2025 | Jan 03, 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,228,836,000 | 3,509,691,000 | 3,042,371,000 | 2,788,163,000 | 2,541,488,000 | 2,217,712,000 | 1,613,343,000 | 1,870,036,000 | 1,682,439,000 | 1,412,384,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | (8.8%) | (12.7%) | - | - | - | - | - | - | - |
| EBITDA (USD) | 378,896,000 | 662,467,000 | 221,738,000 | (343,303,000) | 130,295,000 | 26,409,000 | (92,185,000) | 122,243,000 | 21,860,000 | (123,925,000) | - | - | - |
| Operating Income (USD) | 291,234,000 | 566,536,000 | 127,146,000 | (424,276,000) | 62,711,000 | (28,383,000) | (135,319,000) | 92,637,000 | (1,473,000) | (143,024,000) | - | - | - |
| Operating Margin | 9.0% | 16.1% | 4.2% | (15.2%) | 2.5% | (1.3%) | (8.4%) | 5.0% | (0.1%) | (10.1%) | - | - | - |
| % EBITDA Margin | 11.7% | 18.9% | 7.3% | (12.3%) | 5.1% | 1.2% | (5.7%) | 6.5% | 1.3% | (8.8%) | - | - | - |
| NET Income (USD) | 229,902,000 | 386,611,000 | 85,603,000 | (473,559,000) | (938,000) | (50,012,000) | (95,940,000) | 26,624,000 | (43,526,000) | (156,659,000) | - | - | - |
| % Net Margin | 7.1% | 11.0% | 2.8% | (17.0%) | (0.0%) | (2.3%) | (5.9%) | 1.4% | (2.6%) | (11.1%) | - | - | - |
Fossil Group, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Fossil Group, Inc. | - |
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Fossil Group, Inc. - employee data
Fossil Group, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Director , Chief Operating Officer | BM |
BM Board Member
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