Core Points - Fossil Group, Inc. announced the successful receipt of requisite consents for the UK Proceeding Amendments related to its 7.00% Senior Notes due 2026, allowing the company to proceed with an English law restructuring plan [1] - The company received 82.67% of valid tenders for the exchange offer but did not meet the minimum requirement of 90%, leading to an extension of the expiration date for the Exchange Offer, Consent Solicitation, and Rights Offering to November 10, 2025 [2][4] - The principal amount of Old Notes tendered includes $118,017,000 from New Money Participants (78.68%) and $5,993,125 from Non-New Money Participants (4.00%), totaling $124,010,125 [4] Company Actions - The company executed a supplemental indenture to the Old Notes Indenture, changing the governing law to the laws of England and Wales as part of the restructuring process [1] - The company has filed registration statements with the SEC in connection with the Exchange Offer, Consent Solicitation, and Rights Offering, which include a prospectus dated September 25, 2025 [4][5] Future Considerations - The company reserves the right to terminate, withdraw, amend, or further extend the Exchange Offer, Consent Solicitation, and Rights Offering independently at any time [2]

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Core Points - Fossil (UK) Global Services Ltd is undergoing a restructuring plan under Part 26A of the Companies Act 2006, with a meeting scheduled for creditors to consider the plan [2][4][7] - The restructuring plan involves US $150 million in 7.00% Senior Notes due 30 November 2026 issued by Fossil Group, Inc. [2][7] - The Plan Meeting is set for 6 November 2025, where creditors will vote on the proposed restructuring plan [2][4] Meeting Details - The Plan Meeting will take place at Weil, Gotshal & Manges LLP in London and via video conference, starting at 2:00 p.m. London time [4] - The Record Date for creditors to be eligible to vote is 27 October 2025 [4] - Creditors are encouraged to appoint a proxy to attend the meeting if they cannot be present [5][8] Documentation and Communication - The terms of the Restructuring Plan and the Explanatory Statement are available on the Plan Website [3][7] - Creditors are urged to read the Prospectus and other documents filed with the SEC for important information regarding the restructuring [7][8] - Epiq Corporate Restructuring, LLC is acting as the Information Agent for the Restructuring Plan [9]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - rYojbaba Co., Ltd. (RYOJ) increased by 134% to $5.09 - Linkage Global Inc (LGCB) rose by 101% to $3.33 - MIRA Pharmaceuticals, Inc. (MIRA) gained 87% to $2.46 - Auddia Inc. (AUUD) went up by 23% to $2.54 - SOPHiA GENETICS SA (SOPH) increased by 16% to $4.99 - J.B. Hunt Transport Services, Inc. (JBHT) rose by 13% to $157.44 - AlphaVest Acquisition Corp (ATMV) increased by 11% to $13.09 - New Era Energy & Digital, Inc. (NUAI) went up by 10% to $3.71 - Critical Metals Corp. (CRML) rose by 9% to $24.80 - Blaize Holdings, Inc. (BZAI) increased by 9% to $6.90 [3] Premarket Losers - Fossil Group, Inc. (FOSL) decreased by 40% to $2.23 - Pinnacle Food Group Limited (PFAI) fell by 25% to $3.41 - American Battery Technology Company (ABAT) declined by 22% to $6.91 - Sadot Group Inc. (SDOT) dropped by 20% to $6.15 - TechCreate Group Ltd. (TCGL) decreased by 14% to $4.14 - PMGC Holdings Inc. (ELAB) fell by 13% to $6.43 - Arcadia Biosciences, Inc. (RKDA) decreased by 13% to $4.73 - ATIF Holdings Limited (ZBAI) dropped by 11% to $9.28 - Roma Green Finance Limited (ROMA) fell by 7% to $2.62 - Australian Oilseeds Holdings Limited (COOT) decreased by 6% to $2.46 [4]

Core Viewpoint - Fossil Group, Inc. has extended the expiration date for its Exchange Offer, Consent Solicitation, and Rights Offering related to its 7.00% Senior Notes due 2026 from October 15, 2025, to October 22, 2025, while proceeding with the UK Proceeding as scheduled [2][5][6] Exchange Offer and Consent Solicitation - The principal amount of Old Notes tendered in the Exchange Offer as of October 15, 2025, is $113,057,875, representing 75.37% of the total $150,000,000 [4] - The breakdown of the tendered amounts includes $106,870,250 from New Money participants (71.25%) and $6,187,625 from Non-New Money participants (4.13%) [4] UK Proceeding - A hearing on October 15, 2025, resulted in the approval for Fossil (UK) Global Services Ltd. to convene a meeting of Old Notes holders to vote on the UK Proceeding [5] - The Plan Meeting is scheduled for November 6, 2025, and requires a 75% majority by value of those present and voting for approval [6] Media Report Statement - The company acknowledges a media report regarding a potential IPO of a subsidiary in India but clarifies that it is not currently pursuing such an offering [7][8]

Core Insights - Fossil Group, Inc. (FOSL) shares have increased by 62.3% year to date, significantly outperforming the industry, which has seen a decline of 12.5% [1] - The company has outperformed competitors such as Urban Outfitters, Inc. (URBN) and Boot Barn Holdings, Inc. (BOOT), which recorded increases of 25.8% and 17% respectively [1] - Key factors contributing to Fossil's performance include improved liquidity through debt refinancing, operational efficiencies, cost controls, product innovation, and brand revitalization [1] Business Operations - Fossil is a global design and distribution company specializing in fashion accessories, including watches, jewelry, and handbags [3] - The company owns brands such as FOSSIL, SKAGEN, MICHELE, RELIC, and ZODIAC, and has licensed brands like MICHAEL KORS and ARMANI EXCHANGE [3] - In 2023, Fossil launched the Transform and Grow plan aimed at cutting costs and improving margins, targeting $280 million in annualized operating income benefits by 2024 [3] - The Turnaround Plan introduced in 2025 focuses on core product refocus, cost restructuring, and balance sheet strengthening [3] - Fossil operates across the Americas, Europe, and Asia, utilizing a multi-channel model that includes e-commerce, retail, and wholesale [3] Key Tailwinds - Fossil's strategic turnaround is built on three pillars: refocusing on the core business, tightening cost structures, and strengthening the balance sheet [4] - The company has implemented a comprehensive debt refinancing plan, enhancing liquidity and supporting long-term growth [4] - Fossil has secured a new $150 million revolving credit facility, increasing financial flexibility and reducing refinancing risks [4] Marketing and Consumer Engagement - The brand's marketing strategy has shifted towards high-impact campaigns featuring global icons, resulting in stronger consumer engagement [5] - Investments in influencer collaborations and pop-up events have increased product visibility and sales [5] - Traditional watches are experiencing a strong rebound in markets like India and the Americas, contributing to higher average unit retail prices [6] Operational Efficiencies - Fossil's cost control initiatives, including supply chain optimization and automation, are leading to margin improvements [7] - Strategic partnerships with suppliers and platform upgrades have significantly improved gross margins [7] - A renewed focus on channel profitability, particularly through e-commerce and European distribution, has yielded better returns [7] Product Innovation - The relaunch of traditional watch collections and new product lines like Neutra and Raquel is resonating well with consumers [8] - Management aims to reinvigorate core offerings while leveraging global license partners to drive growth [8] Challenges - Fossil faces sales weakness in key markets such as Europe and China, exposing the brand to macro volatility [9] - Heightened tariff risks and trade policy shifts threaten supply chain stability and margin resilience [9] - Competitive pressures from larger e-commerce players may force margin-diluting strategies [9] Valuation - Fossil is currently trading at 0.19X trailing 12-month EV/sales value, significantly below the industry average of 1.85X [10] - This valuation is lower than peers like Urban Outfitters (0.95X) and Boot Barn (2.68X), indicating a potential investment opportunity [10] Conclusion - The company's focus on strengthening its balance sheet, streamlining operations, and revitalizing its core watch business enhances financial flexibility [11] - With improving liquidity and strong brand momentum, Fossil is positioned to deliver operational resilience and improved shareholder value [11] - Strong fundamentals and undervaluation present a lucrative opportunity for investors [13]

Core Viewpoint - Fossil Group, Inc. is initiating a restructuring plan under UK law for its 7.00% Senior Notes due 2026, with a Convening Hearing scheduled for October 15, 2025, to seek approval from Plan Creditors [1][3]. Group 1: Restructuring Plan Details - The restructuring plan was announced on September 23, 2025, and involves the issuance of a practice statement letter [1]. - The Convening Hearing will take place at The High Court of Justice in London, starting at 10:00 a.m. London time [1][2]. - The Plan Company aims to convene a single class meeting of Plan Creditors to consider and potentially approve the Restructuring Plan [3]. Group 2: Participation and Representation - Plan Creditors have the right to attend the Convening Hearing and make representations to the Court [4]. - Creditors wishing to participate should contact Epiq Corporate Restructuring, LLC, or the Court, providing their details and those of their counsel if applicable [5]. - Retail Noteholders are encouraged to reach out to the independent representative for assistance regarding their claims and the Restructuring Plan [6]. Group 3: Additional Information - The Company has filed registration statements with the SEC related to the Restructuring Plan, and creditors are advised to review the prospectus for comprehensive information [8]. - Additional documents related to the Restructuring Plan can be accessed for free via the SEC's website [9]. - Fossil Group, Inc. specializes in lifestyle accessories, including watches, jewelry, and handbags, and operates under various owned and licensed brands [10].

Core Points - Fossil Group, Inc. has extended the expiration date for its Exchange Offer, Consent Solicitation, and Rights Offering from October 7, 2025, to October 15, 2025 [1] - The company plans to proceed with the UK Proceeding as previously scheduled, including a Convening Hearing on October 15, 2025 [1] - The principal amount of Old Notes tendered in the Exchange Offer is $107,920,500, representing 71.95% of the total $150,000,000 outstanding [2][3] Exchange Offer Details - The Exchange Offer includes 7.00% Senior Notes due 2026, with $102,078,075 tendered by New Money Participants, accounting for 68.05% of the total [3] - Non-New Money Participants tendered $5,842,425, which is 3.90% of the total [3] - The company reserves the right to terminate, withdraw, amend, or further extend the Exchange Offer, Consent Solicitation, and Rights Offering independently at any time [1] Registration Statements - Fossil Group has filed registration statements on Form S-3 and Form S-4 with the SEC in connection with the Exchange Offer, Consent Solicitation, and Rights Offering [3] - Investors are encouraged to read the prospectus dated September 25, 2025, for complete information about the company and the offerings [3]

Group 1: LVMH Performance - LVMH reported H1 2025 revenue of €39.81 billion (approximately $46.6 billion), a 4% decrease from €41.68 billion in the same period last year [3] - Operating profit fell to €9.01 billion, down 15% from €10.65 billion year-on-year [3] - Net profit decreased by 22% to €5.70 billion from €7.27 billion in the previous year [3] Group 2: Richemont Performance - Richemont's total sales for Q1 2025 reached €5.41 billion (approximately $6.33 billion), up from €5.27 billion year-on-year [4] - Jewelry sales increased to €3.91 billion from €3.66 billion, while watch sales decreased to €0.82 billion from €0.91 billion [4] Group 3: Hermès Performance - Hermès reported H1 2025 revenue of €8.03 billion (approximately $9.4 billion), an increase from €7.50 billion in the same period last year [5] - Operating profit rose to €3.33 billion from €3.15 billion year-on-year [5] - Net profit for the group was €2.25 billion, down from €2.37 billion in the previous year [5] Group 4: Kering Performance - Kering's H1 2025 revenue was €7.59 billion (approximately $8.8 billion), down from €9.02 billion year-on-year [6] - Operating profit decreased to €1.00 billion from €1.57 billion [6] - Net profit attributable to the group fell to €0.47 billion from €0.88 billion [6][7] Group 5: EssilorLuxottica Performance - EssilorLuxottica reported adjusted revenue of €14.02 billion for H1 2025, up from €13.29 billion year-on-year [8] - Adjusted operating profit increased to €2.53 billion from €2.43 billion [8] - Adjusted net profit rose to €1.80 billion from €1.75 billion [8] Group 6: Other Companies Performance - Lao Feng Xiang reported H1 2025 revenue of ¥33.36 billion (approximately $4.68 billion), a 16.52% decrease year-on-year [9] - PVH Corp. reported Q2 2025 revenue of $2.17 billion, up from $2.07 billion year-on-year [10] - Swatch Group's H1 2025 net sales were CHF 3.06 billion (approximately $3.83 billion), down 11.2% from the previous year [11] - Tapestry reported Q4 2025 net sales of $1.72 billion, up from $1.59 billion year-on-year [12] - Ralph Lauren's Q1 2025 net sales were $1.72 billion, up from $1.51 billion [13] - Prada Group reported H1 2025 revenue of €2.74 billion (approximately $3.21 billion), an 8% increase year-on-year [15] - Signet Jewelers reported Q2 2025 sales of $1.54 billion, up from $1.49 billion year-on-year [16] - Puig reported H1 2025 revenue of €2.30 billion (approximately $2.69 billion), a 5.9% increase year-on-year [17] - Hugo Boss reported H1 2025 sales of €2.00 billion (approximately $2.34 billion), down from €2.03 billion [18] - Pandora reported Q2 2025 revenue of DKK 7.07 billion (approximately $1.11 billion), up from DKK 6.77 billion [19] - Capri Holdings reported Q1 2025 revenue of $797 million, down from $848 million [20] - Burberry reported Q1 2025 retail revenue of £433 million (approximately $586 million), down 6% year-on-year [21] - Ermenegildo Zegna Group reported H1 2025 revenue of €0.93 billion (approximately $1.09 billion), down from €0.96 billion [23] - Zhou Dasheng reported H1 2025 revenue of ¥4.60 billion (approximately $645 million), a 43.92% decrease year-on-year [24] - Salvatore Ferragamo reported H1 2025 revenue of €0.47 billion (approximately $0.55 billion), down 9.4% year-on-year [25] - Fossil Group reported Q2 2025 net sales of $220 million, down from $260 million [26]

Core Points - Fossil Group, Inc. has initiated an exchange offer to swap its outstanding 7.00% Senior Notes due 2026 for new notes and warrants, with different terms for participants in the New Money Financing and those who do not participate [1][2][3] - The company is also soliciting consent from note holders for proposed amendments to the indenture governing the Old Notes, which includes modifications to covenants and events of default [2][3] - A rights offering is being launched concurrently, allowing holders to purchase new First-Out Notes and receive shares of Common Stock based on their subscription [5][6] Exchange Offer - The exchange offer allows holders to exchange Old Notes for either 9.500% First-Out Notes or 7.500% Second-Out Notes, depending on their participation in the New Money Financing [1][8] - Holders who participate will also receive pro rata portions of Initial Public Warrants [1][8] - The exchange offer will expire at 5:00 PM New York City time on October 7, 2025, with potential extensions based on the effectiveness of registration statements [10] Consent Solicitation - The consent solicitation seeks approval for amendments to the Old Notes Indenture, including the removal of certain covenants and the subordination of Old Notes to New Notes [2][9] - Holders who tender their Old Notes will be deemed to have consented to these amendments and appointed a proxy for a potential UK Proceeding [3][9] Rights Offering - The rights offering provides holders with Subscription Rights to purchase First-Out Notes at 100% of their face value, with a share of Common Stock for every $34.06 of First-Out Notes purchased [5][6] - A total of $12,941,327 of First-Out Notes will be offered to non-supporting holders, while $19,558,673 will be allocated to supporting holders [6] Supporting Holders - Supporting Holders, who hold approximately 60% of the Old Notes, have agreed to participate in the New Money Financing and support the proposed amendments and UK Proceeding [12] - They will exchange their Old Notes for new First-Out Notes and have committed to purchasing additional notes if not all holders participate in the rights offering [12]