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X @The Wall Street Journal
The Wall Street Journal路 2025-08-26 03:57
Pierce Brosnan on what makes a great suit, the three kinds of watches he takes on his travels鈥攁nd how his hair has come to be part of his performance.馃敆: https://t.co/dzxw6TfxvZ https://t.co/fOwvP6UwpC ...
X @The Wall Street Journal
The Wall Street Journal路 2025-08-22 00:13
Pierce Brosnan on what makes a great suit, the three kinds of watches he takes on his travels鈥攁nd how his hair has come to be part of his performance.馃敆: https://t.co/GagQOTKpi7 https://t.co/aPQlZDQlYa ...
Fossil Group, Inc. Announces ABL Refinancing and Transaction Support Agreement for Debt Exchange
Globenewswire路 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].
Fossil Group, Inc. Announces Date for Second Quarter 2025 Earnings Release and Conference Call
Globenewswire路 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]
X @Bloomberg
Bloomberg路 2025-07-11 04:04
While the secondary watch market has recovered from its nadir, you can still grab a bargain Rolex, writes @AndreaFelsted (via @opinion) https://t.co/hZqEFANFMm ...
X @Xeer
Xeer路 2025-07-06 17:09
Luxury Goods Market Perception - Rolex, Patek Philippe, and Vacheron Constantin are mentioned as luxury watch brands, indicating their status symbols within the market [1] - The perception of luxury watches, like Rolex, varies; for some, it's a baseline, while for others, it's a significant achievement [1] - Flashy displays of wealth, particularly in the Asian market, can create discomfort [2] Consumer Behavior - Some individuals acquire luxury goods through speculative investments like crypto, suggesting a link between investment gains and luxury spending [1] - The report indicates a lack of interest in luxury watches from the author, suggesting not all consumers are drawn to these status symbols [1] - The social context influences the perception of luxury goods; a Rolex might be considered a "big deal" in some circles [1]
Fossil Group Appoints Laks Lakshmanan as Chief Supply Chain Officer
GlobeNewswire News Room路 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].
X @Bloomberg
Bloomberg路 2025-06-30 18:30
There's an unexpected color taking over the world's hottest watches from top brands鈥攂ut what is it exactly? https://t.co/67uxNeVrcv ...
Fossil Group, Inc. Announces Date for First Quarter 2025 Earnings Release and Conference Call
Globenewswire路 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]