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X @The Wall Street Journal
The Wall Street Journal· 2025-08-26 16:17
Canada Goose is attempting to sell more sweaters, sunglasses and shoes, a move to broaden the winter-wear icon into an all-season brand and to keep customers spending between parka purchases https://t.co/Hs3EasvWFC ...
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
The Wall Street Journal· 2025-07-29 14:22
RT Buy Side from WSJ (@BuySideWSJ)Leave the guesswork out of shopping for sunglasses.https://t.co/DnROERVwIy ...
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].
44 Public Companies Make Time's Most Influential List: Coinbase, UFC, Nintendo, Netflix And More Stocks Investors Can Buy
Benzinga· 2025-06-27 15:39
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]
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]