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EssilorLuxottica: Disclosure of Share Capital and Voting Rights Outstanding as of November 30, 2025
Globenewswire· 2025-12-09 17:00
Core Points - As of November 30, 2025, EssilorLuxottica has a total of 463,145,529 shares outstanding [3] - The number of real voting rights, excluding treasury shares, is 463,045,403 [3] - The theoretical number of voting rights, including treasury shares, is the same as the total shares outstanding, at 463,145,529 [3] - Voting rights for any shareholder are capped at 31%, as per the company's by-laws [3] Company Information - EssilorLuxottica is recognized as the global leader in the design, manufacture, and distribution of ophthalmic lenses, frames, and sunglasses [2] - The company's by-laws, which detail governance and regulations, are accessible on its official website [4]
Fossil Announces Grant of Sanction Order
Globenewswire· 2025-11-10 15:51
Core Viewpoint - Fossil Group, Inc. has received a Sanction Order from the High Court of Justice of England and Wales, allowing the implementation of a restructuring plan that will cancel existing 7.00% Senior Notes due 2026 and issue new secured senior notes with higher interest rates [1][2] Restructuring Plan Details - The restructuring plan involves the cancellation of the 7.00% Senior Notes due 2026 and the issuance of new 9.500% First-Out First Lien Secured Senior Notes due 2029 and 7.500% Second-Out Second Lien Secured Senior Notes due 2029 [1] - The plan aims to address upcoming debt maturities and provide additional liquidity to support the company's turnaround strategy [2] Company Strategy and Commitment - The CEO emphasized the importance of the High Court's decision as a significant step towards addressing debt issues and enhancing liquidity [2] - The company remains focused on executing a consumer-centric, brand-led model, leveraging its portfolio of iconic brands and 40 years of watchmaking heritage to drive long-term profitable growth [2] Additional Information - Further details regarding the restructuring plan and its terms can be accessed through the Plan Website set up by Epiq Corporate Restructuring, LLC [3][4] - The company has filed registration statements with the SEC related to the restructuring plan, which include a prospectus for potential investors [5][6]
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]
Fossil Announces Convening Hearing for Restructuring Plan
Globenewswire· 2025-10-09 01:32
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].
X @The Wall Street Journal
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]
Fossil Group, Inc. Announces ABL Refinancing and Transaction Support Agreement for Debt Exchange
Globenewswire· 2025-08-13 20:05
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].
'Numb With Shock': Mom Of NYC Designer Found Dead On Boat In Hamptons Mourns Daughter
Montauk, NY Patch· 2025-08-08 16:01
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]
X @The Wall Street Journal
Product Recommendation - The article provides guidance on selecting sunglasses, aiming to eliminate uncertainty in the shopping process [1]
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].