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Fossil Group, Inc. Announces ABL Refinancing and Transaction Support Agreement for Debt Exchange
Globenewswire· 2025-08-13 20:05
RICHARDSON, Texas, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (“Fossil” or the “Company”) today announced that it has refinanced its ABL and entered into a Transaction Support Agreement providing for an exchange of its outstanding notes. A new $150 million asset-based revolving credit facility with Ares Management Credit funds (the “New ABL Facility”). The new facility has a maturity date of August 13, 2030 and is priced at SOFR plus 500 basis points.A Transaction Support Agreement ...
RealReal (REAL) Q2 Revenue Jumps 14%
The Motley Fool· 2025-08-07 21:15
RealReal (REAL -4.43%), a leading online platform for authenticated luxury consignments, reported earnings on August 7, 2025. It delivered GAAP revenue of $165 million, topping analyst expectations of $159.7 million. Adjusted earnings per share (Non-GAAP) landed at $(0.06), a substantial improvement over the $(0.09) consensus estimate and the GAAP diluted net loss per share of $(0.13) in Q2 2024. These results were supported by gains in active buyers, margin expansion, and a return to positive adjusted EBIT ...
Fossil Group, Inc. Announces Date for Second Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-07-30 20:55
Core Viewpoint - Fossil Group, Inc. is set to report its second quarter 2025 financial results on August 13, 2025, after market close, followed by a conference call to discuss the results [1] Company Overview - Fossil Group, Inc. is a global company focused on design, marketing, distribution, and innovation in lifestyle accessories, including watches, jewelry, handbags, small leather goods, belts, and sunglasses [2] - The company operates a diverse portfolio of both 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 dedicated to delivering high-quality design and innovation across its brands, supported by an extensive distribution network across various geographies, categories, and channels [2]
Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer
GlobeNewswire News Room· 2025-07-02 12:00
Core Insights - Fossil Group, Inc. has appointed Laks Lakshmanan as the Chief Supply Chain Officer, effective June 16, 2025, to enhance its supply chain operations [1][3]. Company Overview - Fossil Group, Inc. specializes in design, marketing, distribution, and innovation of lifestyle accessories, including watches, jewelry, handbags, and more, under a diverse portfolio of owned and licensed brands [6]. Leadership Appointment - Laks Lakshmanan brings over 20 years of supply chain leadership experience, having previously served as Managing Director at Alvarez & Marsal and interim Head of Supply Chain for Fossil [2][4]. - His role will encompass overseeing Fossil's global end-to-end supply chain, including manufacturing, sourcing, distribution, and logistics [2]. Strategic Goals - The CEO of Fossil Group emphasized the importance of building a high-performing leadership team, highlighting Lakshmanan's operational expertise and strategic mindset as crucial for the company's turnaround [3]. - Lakshmanan expressed his commitment to modernizing Fossil's supply chain and enhancing its operational efficiency [3][4]. Previous Experience - Prior to joining Fossil, Lakshmanan held senior roles at Kearney and Target, focusing on supply chain optimization and transformational initiatives [5].
Why Gen Z Fell In Love With Coach
CNBC· 2025-06-23 16:00
Coach purses were a staple in the early 2000, worn by teens at the mall and celebrities on the red carpet. The monogrammed design with a double C logo was everywhere. But by the 2010s, the brand fell out of favor, its luxury reputation suffered, and sales plummeted.The company wiped out about 60% from its market cap between its 2012 peak to mid 2014. But coach is back. The girls came through.Coach is back. Mainly among Gen Z consumers who were driving a lot of its growth. Fashion always looks to the younges ...
Fossil Group, Inc. Announces Date for First Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-04-30 20:05
Group 1 - Fossil Group, Inc. will report its first quarter 2025 financial results after market close on May 14, 2025 [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 call will also be archived for replay, providing investors with ongoing access to the information [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]