Core Viewpoint - Fossil Group, Inc. has successfully approved its restructuring plan through a meeting of its Plan Creditors, which is a significant step in its financial restructuring process [1][4]. Group 1: Restructuring Plan Approval - The restructuring plan was approved by the requisite statutory majority of Plan Creditors during a meeting held on November 6, 2025 [1][4]. - A total of 363 Plan Creditors voted in favor of the restructuring plan, representing 99.99% by value of those present and voting [7]. - The approval required at least 75% in value of the Notes held by the Plan Creditors to vote in favor, with 82.88% of eligible creditors present at the meeting [4]. Group 2: Upcoming Court Hearing - Following the approval, a Sanction Hearing is scheduled for November 10, 2025, at the Royal Courts of Justice in London to sanction the restructuring plan [4]. - The exact time and location of the Sanction Hearing will be confirmed and published by the Court on November 7, 2025 [4]. Group 3: Communication and Information - An Explanatory Statement detailing the terms of the restructuring plan is available online for Plan Creditors [5]. - Retail holders of the Notes can contact an appointed Retail Advocate for inquiries regarding the restructuring plan and the upcoming hearing [6].

Core Points - Fossil (UK) Global Services Ltd, a subsidiary of Fossil Group, Inc., is holding a Plan Meeting for creditors regarding its US $150,000,000 7.00% Senior Notes due November 30, 2026, as part of a restructuring plan [1][3] - The Sanction Hearing for the proposed Restructuring Plan is scheduled for November 10, 2025, at the Royal Courts of Justice in London [3] - Plan Creditors can access evidence related to the Restructuring Plan and are entitled to attend the Sanction Hearing to make representations [4][5] Company Information - Fossil Group, Inc. specializes in consumer fashion accessories, including watches, jewelry, handbags, and sunglasses, under various owned and licensed brands [9] - The company is committed to design and innovation across its brand portfolio, which includes Fossil, Michele, Relic, Skagen, and Zodiac [9] - Additional information about the company and its offerings can be found on its official website [9]

Core Viewpoint - Fossil (UK) Global Services Ltd, a subsidiary of Fossil Group, Inc., is set to hold a Plan Meeting on November 6, 2025, to discuss a proposed restructuring plan related to its US $150,000,000 7.00% Senior Notes due November 30, 2026, following a court order [1][8]. Restructuring Plan Details - The restructuring plan is proposed under Part 26A of the Companies Act 2006 and aims to address the financial obligations of the company [1]. - An Explanatory Statement detailing the terms of the Restructuring Plan is available online for Plan Creditors [2][3]. Meeting Logistics - The Plan Meeting will take place at Weil, Gotshal & Manges LLP in London and will also be accessible via video conference [4]. - Registration for the meeting is required, with a deadline set for November 3, 2025 [5][6]. Voting Procedures - Plan Creditors who wish to vote must have their Notes validly placed on DTC's Automated Tender Offer Program system by the Record Date of October 27, 2025 [4]. - Those who have not voted are encouraged to appoint a proxy by the Voting Instructions Deadline of November 3, 2025 [5]. Additional Information - If the Restructuring Plan is approved, a Sanction Hearing will be held on November 10, 2025, to finalize the plan [8]. - Retail holders of the Notes can contact a designated Retail Advocate for assistance regarding the voting procedure [7].

Group 1 - Fossil Group, Inc. will report its third quarter 2025 financial results on November 13, 2025, after market close [1] - A conference call to discuss the financial results will take place at 5:00 p.m. ET on the same day, accessible via the company's investor relations website [1] - The conference call will also be archived for replay [1] Group 2 - Fossil Group, Inc. specializes in lifestyle accessories, including watches, jewelry, handbags, small leather goods, belts, and sunglasses [2] - The company operates a diverse portfolio of owned and licensed brands, such as Fossil, Michele, Relic, Skagen, Zodiac, Armani Exchange, Diesel, Emporio Armani, kate spade new york, Michael Kors, Skechers, and Tory Burch [2] - Fossil Group is committed to design and innovation, supported by an extensive distribution network across various geographies, categories, and channels [2]

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]