RICHARDSON, Texas, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) announced today that its subsidiary, Fossil (UK) Global Services Ltd (the “Plan Company”), has been granted an order from the High Court of Justice of England and Wales (the “Sanction Order”) sanctioning the restructuring plan under Part 26A of the UK Companies Act 2006 (as amended) (the “Restructuring Plan”) in respect of the 7.00% Senior Notes due 2026 issued by the Company (the “Notes”). Implementation ...

RICHARDSON, Texas, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”) announces that today its subsidiary, Fossil (UK) Global Services Ltd (the “Plan Company”), held its Plan Meeting (as defined below), at which its restructuring plan pursuant to Part 26A of the Companies Act 2006 (as amended) (the “Restructuring Plan”) was approved by the requisite statutory majority of Plan Creditors (as defined below). Pursuant to an order made by the High Court of Justice of England and ...

RICHARDSON, Texas, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Further to an announcement dated October 30, 2025 that Fossil (UK) Global Services Ltd (the “Plan Company”), a subsidiary of Fossil Group, Inc. (NASDAQ: FOSL) (the “Company”), pursuant to an order made by the High Court of Justice of England and Wales (the “Court”), dated October 15, 2025 (the “Convening Order”), in respect of the Company’s US $150,000,000 7.00% Senior Notes due November 30, 2026 (the “Notes”), would hold a single meeting (the “Plan Meeti ...

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].

Business Strategy - Canada Goose is diversifying its product line to include sweaters, sunglasses, and shoes [1] - The company aims to transform into an all-season brand [1] - The strategy seeks to maintain customer engagement and spending between parka purchases [1]

Core Viewpoint - Fossil Group, Inc. has announced the refinancing of its asset-based lending (ABL) and entered into a Transaction Support Agreement to exchange its outstanding notes, positioning the company for future growth with a stronger balance sheet [1][2]. Group 1: Transaction Details - The Transaction Support Agreement allows holders of Unsecured Notes to participate in a New Money Investment, which is backed by Consenting Noteholders who own approximately 59% of Fossil's 7.00% Senior Notes due 2026 [2][7]. - The company has established a new $150 million asset-based revolving credit facility with Ares Management Credit funds, maturing on August 13, 2030, priced at SOFR plus 500 basis points [7]. - Noteholders can exchange their Unsecured Notes for new First-Out Senior Secured Notes or Second-Out Senior Secured Notes, along with warrants for common stock [8]. Group 2: Restructuring Conditions - If less than 90% of the outstanding principal amount of Unsecured Notes is tendered, the company may proceed with restructuring through the Companies Act 2006 of England and Wales, potentially eliminating all Unsecured Notes [3].

Core Points - The tragic death of Martha Nolan O'Slattara, a 33-year-old New York City designer, has left her family and friends in shock as they seek answers regarding the circumstances surrounding her death [2][3] - An autopsy revealed no evidence of violence, and the cause of death is still pending further examination [3] - Nolan O'Slattara was the founder and creative director of East X East, a fashion brand that had recently gained visibility with a pop-up in the Hamptons [12] Group 1: Incident Details - Martha Nolan O'Slattara was found dead on a boat at the Montauk Yacht Club, with police responding to a 911 call about an unconscious woman [6][10] - Eyewitnesses reported that she had been seen enjoying herself earlier in the day before the incident occurred [7][10] - The area was cordoned off for investigation, and local residents expressed their shock at the occurrence of such a tragedy in their community [10][12] Group 2: Personal Background - Nolan O'Slattara was originally from Carlow, Ireland, and had plans to visit her mother in Ireland shortly before her death [3][11] - She graduated from University College Dublin and had a master's in digital marketing, showcasing her educational background [11] - Her fashion brand, East X East, focused on summer apparel and had recently achieved a milestone with a pop-up event in the Hamptons [12]

Product Recommendation - The article provides guidance on selecting sunglasses, aiming to eliminate uncertainty in the shopping process [1]

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].

Core Insights - Time Magazine's annual 100 Most Influential Companies list for 2025 highlights companies from the growing artificial intelligence sector and aims to recognize businesses that are shaping the future [1][2] - The selection criteria for the list include a combination of impact, innovation, ambition, and success, rather than relying solely on financial metrics [1] Group 1: Company Categories - The influential companies are categorized into five groups: Innovators, Disruptors, Leaders, Titans, and Pioneers [2] - Notable companies in the list include Alibaba Group Holding, BYD Co, Coinbase Global, and Amazon.com, among others, showcasing a diverse range of industries from e-commerce to biotechnology [7][10] Group 2: Public and Private Companies - Nearly half of the companies listed are publicly traded or part of publicly traded companies, providing investment opportunities for those looking to engage with influential businesses [8] - The list also features several private companies, such as OpenAI and SpaceX, which may present potential IPO opportunities in the future [9]