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Announcement Regarding the Result of the Fossil Plan Meeting
Globenewswire· 2025-11-06 21:05
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].
Announcement Regarding Access to the Plan Company’s Evidence Ahead of the Sanction Hearing
Globenewswire· 2025-11-04 21:05
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]