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EssilorLuxottica and Dolce&Gabbana further strengthen their partnership through 2050
Globenewswire· 2026-03-16 07:00
Core Viewpoint - EssilorLuxottica and Dolce&Gabbana have extended their partnership through 2050, focusing on the development, production, and global distribution of eyewear under the Dolce&Gabbana brand [2]. Group 1: Partnership Details - The new agreement reflects a long-term collaboration model, emphasizing deep integration of values, strategic vision, and product culture [3]. - The partnership, which began in 2004, has successfully combined strong business results with creative vision [4]. - The extension of the partnership indicates mutual confidence in future opportunities for both companies [4]. Group 2: Company Strengths - EssilorLuxottica is recognized for its expertise in eyewear manufacturing, high-quality retail and distribution network, and focus on technological innovation [4]. - Dolce&Gabbana expresses pride in strengthening the partnership, highlighting the brand's iconic status in the fashion industry [4].
EssilorLuxottica: Disclosure of Share Capital and Voting Rights Outstanding as of January 31, 2026
Globenewswire· 2026-02-10 17:00
Core Points - As of January 31, 2026, EssilorLuxottica has a total of 463,289,594 shares outstanding [3] - The number of real voting rights, excluding treasury shares, is 463,193,721 [3] - The theoretical number of voting rights, including treasury shares, remains the same at 463,289,594 [3] - Voting rights for any shareholder are capped at 31%, as per the company's by-laws [3]
EssilorLuxottica: Disclosure of Share Capital and Voting Rights Outstanding as of December 31, 2025
Globenewswire· 2026-01-13 17:00
Core Points - As of December 31, 2025, EssilorLuxottica has a total of 463,289,594 shares outstanding [3] - The number of real voting rights, excluding treasury shares, is 463,190,305 [3] - The theoretical number of voting rights, including treasury shares, remains the same at 463,289,594 [3] - Voting rights for any shareholder are capped at 31%, as per the company's by-laws [3]
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].