verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . may 2015 learn how and when to remove this template message skagen denmark type subsidiary of fossil inc. nasdaq fosl founded 1989 headquarters richardson texas hq hong kong china asia pacific hq and albertslund denmark europe hq citation needed key people charlotte jorst co founder president 1 henrik jorst co founder 1 steen albrechtslund group managing director 1 products wristwatches handbags citation needed jewelry and other personal durable goods website skagen.com wristwatches from skagen denmark skagen denmark is the name given to a brand initially of watches produced by skagen designs ltd. currently a subsidiary of fossil that has grown into being a wider american contemporary accessories brand based on danish design . as of spring 2015 its product lines include its signature founding line of watches and further lines of handbags jewelry and other durable personal goods . named for skagen a jutland peninsula and denmark s northernmost town skagen designs ltd. s stated corporate aim was to present honest simple purposeful designs and thus share danish ideals globally . not verified in body skagen designs ltd. was purchased in 2012 by fossil for stock and cash in transaction totaling approximately us 237m and it continues to operate as a wholly owned subsidiary under its parent continuing the traditional brand name skagen denmark . starting first in new york then in lake tahoe and reno nevada skagen designs ltd. operations are currently overseen from richardson texas near dallas in the united states . contents 1 company structure and locations 2 aim and products 3 company history 3.1 founding 3.2 development 4 further reading 5 references 6 external links company structure and locations edit as of its acquisition by fossil inc. on april 2 2012 skagen designs ltd. operates as a wholly owned subsidiary of fossil listing as of may 1 2015 charlotte jorst as co founder and president henrik jorst as co founder and steen albrechtslund as group managing director . 1 2 the company began in the home of its co founders in new york moving first to lake tahoe then reno nevada . 1 3 its current operations under fossil are overseen from richardson texas near dallas in the united states . citation needed as of may 2015 the company is reported to have additional u.s. offices as well as ones in denmark and hong kong and concept stores in japan tokyo osaka and nagoya and taiwan taipei . 1 aim and products edit the title brand represents fossil s subsidiary skagen designs ltd. first word pronounced ske n 4 which has as its stated corporate aim to bring danish inspired ideals to the world through design imbued with purpose honesty and simplicity . this quote needs a citation the company designs manufactures and retails its signature founding line watches as well as handbags citation needed jewelry and other durable personal goods e.g. sunglasses for both men and women ; products are offered both through select retail partners and via an online portal . 1 in addition to the u.s. market the company offers its products in the u.k. the e.u. and the middle east 3 and in japan taiwan australia malaysia and singapore . 1 company history edit founding edit founded in 1989 1 the company was the brainchild of henrik and charlotte jorst who had moved from denmark to new york in 1986 when henrik was appointed u.s. sales manager for danish brewery carlsberg . 3 the couple decided to establish their own business as u.s. representative for a danish manufacturer of corporate branded business gift watches and for exclusive jacob jensen designer watches . 3 after locating the danish owned clock and watch manufacturer comtech watches a supplier that could manufacture watches at a lower price through its hong kong factory the jorsts began designing their own corporate watches which they showed at a corporate gift fair in new york 1991 . citation needed at that fair they were encouraged by several retailers to market the watches under their own brand which they chose as skagen denmark 3 skagen ske n for the danish fishing village and peninsula of that name . the company logo symbolizes the meeting of the skagerrak and the kattegat bodies of sea water at skagen citation needed denmark s northernmost settlement and port in jutland . development edit this section relies largely or entirely upon a single source . relevant discussion may be found on the talk page . please help improve this article by introducing citations to additional sources . may 2015 the following information unless otherwise noted is drawn from a case study description of skagen denmark by svend hollensen in essentials of global marketing 3 1992 jorsts sell watches for first time under their own brand name achieving annual sales volume 5 of us 800 000 . 1993 jorsts moves from new york to nevada for tax and personal reasons still running company without employees . 1995 new york department store bloomingdale s agrees to trial period selling their watches . 1998 company lists as one of the 250 fastest growing privately owned u.s. companies opens european distribution office in denmark 80 stores in that country begin selling their watches annual sales volume 5 approaches us 30m . 1999 employees headcount approaches 100 distribution begins in the united kingdom . 2000 distribution begins in germany and the netherlands . 2002 company expands into more european countries and the middle east in effort extending into the following year . 2005 sales and product development chief scott szybala appointed president begins daily operation of the company allowing owners jorsts to concentrate on product design and development ; annual sales volume 5 increases to us 70m . 2007 company moves into the asian markets establishing an office in hong kong . citation needed 2009 asia pacific manager steen albrechtslund is appointed group managing director worldwide in charge of all three u.s. denmark and asia pacific headquarters . citation needed 2010 company opens online retail portals serving the u.s. and europe . citation needed 2011 asia pacific division launches online retail portals for australia hong kong and singapore markets . 2012 fossil inc. agrees to purchase skagen designs ltd. and some of its partners for 150 000 shares of fossil common stock and us 225m for total transaction of us 237m dollar values approximate . 6 further reading edit zacks equity research 2012 fossil to acquire skagen yahoo finance online january 11 2012 see 8 accessed 1 may 2015 . business description and summary from 2012 not yet fully extracted . references edit a b c d e f g h i bloomberg 2015 company overview textiles apparel and luxury good skagen designs ltd. bloombergbusiness online may 1 2015 see 1 accessed 1 may 2015 . anon . 2015 wholly owned subsidiary investopedia online see 2 accessed 1 may 2015 . a b c d e f svend hollensen 2008 case study ii .2 skagen designs becoming an international player in designed watches in essentials of global marketing upper saddle river nj pearson prentice hall pp. 192 195 isbn 0273717847 see 3 and 4 accessed 1 may 2015 . forvo 2015 ord skagen forvo all the words in the world . pronounced . online see 5 accessed 1 may 2015 . a b c annual sales volume net of all discounts and sales taxes i.e. turnover see 6 accessed 1 may 2015 . zacks equity research 2012 fossil to acquire skagen yahoo finance online january 11 2012 see 7 accessed 1 may 2015 . external links edit wikimedia commons has media related to skagen designs . skagen denmark webpage for its richardson texas headquarters and webstore . skagen designs ltd. company brochure 2011 . march 2009 company press release on albrechtslund appointment asia market expansion . february 2010 company press release on opening of u.s. and european online retail stores . retrieved from https en.wikipedia.org w index.php title skagen denmark & oldid 743419537 categories watch brandswatch manufacturing companies of the united statesamerican brandsdanish designcompanies based in dallashidden categories articles needing additional references from may 2015all articles needing additional referencesall articles with unsourced statementsarticles with unsourced statements from may 2015articles with unsourced statements from april 2014articles with unsourced quotescommons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutsch edit links this page was last modified on 9 october 2016 at 15 36 . text is available under the creative commons attribution sharealike license ; 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