as nasdaq fosl industry recreational goods founded 1984 founder tom kartsotis 1 headquarters richardson texas united states number of locations 364 2 key people tom kartsotis chairman kosta n. kartsotis ceo michael barnes coo dennis r. secor cfo products watches wallets designer jewelry designer fragrance men s & women s 1984 women s handbags various leather products computer bags backpacks belts and much more revenue us 3 259.971 million 2013 3 us 2 857.508 million 2012 3 operating income us 561.596 million 2013 3 us 488.84 million 2012 3 net income us 378.152 million 2013 3 us 343.401 million 2012 3 total assets us 2 230.414 million 2013 4 us 1 841.989 million 2012 3 total equity us 1 075.367 million 2013 4 us 1 240.464 million 2012 4 number of employees 10 500 2010 5 website www.fossil.com fossil store oxford street london 2016 fossil group inc. is an american designer and manufacturer of accessories primarily luxury high quality watches and jewelry but also sunglasses wallets handbags and belts . based in richardson texas united states . their brands include fossil relic abacus michele watch & now coach ny skagen 6 and zodiac watches . fossil also makes watches for brands such as adidas emporio armani karl lagerfeld michael kors marc by marc jacobs burberry dkny diesel and armani exchange . ceo kosta kartsotis owns approximately 12 % of fossil stock . the company name represents the nickname the brothers had for their father . 7 contents 1 company history 2 license business 3 special products 4 awards 5 references 6 further reading 7 external links company history edit fossil was founded in 1984 as overseas products international by tom kartsotis a former texas a & m university student living in dallas from a suggestion by his older brother kosta kartsotis a merchandising executive at sanger harris . kosta told his younger brother about the potential large profits that could be made in importing retail goods made in the far east specifically in importing moderately priced fashion watches . 1 their main product was fashion watches with a retro look . in 1990 they introduced leather goods under the fossil brand and the relic line of watches . fossil had its ipo in 1993 . 1 8 zodiac watches was a swiss brand that had been operating since 1882 when fossil acquired it from genender international in 2001 for 4.7 million . 9 fossil s desire to establish a swiss presence led to the purchase of the zodiac watch brand and a complete retooling of that line to reflect a retro modern 1970s style in a higher end watch . the 2004 purchase of michele watch completed the cycle by offering a high end swiss watch with a designer flair . in september 2007 fossil was accused of infringing a patent owned by financial innovations systems llc in a lawsuit filed in the northern district of texas . the case was settled for an undisclosed amount and dismissed shortly thereafter . 10 the watch station international chain was purchased from luxottica sunglass hut in december 2007 . 11 fossil has manufacturing facilities in china and switzerland and distribution centers in dallas germany and asia . 12 in 2012 fossil inc. agreed to purchase skagen designs ltd. and some of its partners for approximately 225 million in cash and 150 000 fossil shares . the total value paid by fossil would be approximately 236.8 million . 6 13 in early 2013 fossil introduced their upscale and more expensive fossil swiss line of watches which are made in switzerland . 14 15 in november of 2015 fossil acquired wearable maker misfit for 260 million with plans to incorporate misfit s technology into traditional looking watches . 16 fossil has begun to scale back their sales of clothing products . citation needed license business edit fossil has financial success with its own brands and this success has led a number of deals for licensed watch lines . in 2001 fossil collaborated with designer philippe starck to create the starck with fossil watch collection . the collection features ultra modern designs and unique movement . other licensed watch lines that fossil designs manufactures and distributes include burberry dkny emporio armani armani exchange columbia sportswear diesel frank gehry karl lagerfeld tory burch kate spade michael kors callaway golf davis cup marc by marc jacobs skagen designs michele and adidas . when referencing fossil s watch lines they are generally regarded as a manufacturer ; fossil also designs and manufacture their own movements under the fossil twist line . 17 special products edit the fossil wrist pda released in 2003 which runs palm os in addition the company produces collectibles some of which are based on popular films or pop culture characters . previous designs include superman batman wonder woman elvis presley pirates of the caribbean flash green lantern snoopy pok mon star wars chronicles of narnia cars and the matrix . in 2003 the company released the fossil wrist pda wristwatch computer which is a tiny palm os based pda worn like a watch . in 2006 fossil released a caller id watch . 18 in 2006 fossil teamed up with the national football league in the united states to make the official watch collection for each team . 19 fossil also caters to special markets that seek to customize products . 20 awards edit fossil won awards for most effective use of online creative and best of show awards for the 6th annual dfwima excellence in interactive marketing in 2006 . 21 fossil has also been voted one of the top 100 best companies to work for in the u.k in 2013 and 2015 . 22 23 references edit a b c fossil company history funding universe fossil 2010 annual report a b c d e f g fossil group inc. 2013 annual report form 10 k xbrl . united states securities and exchange commission . february 26 2014 . a b c fossil group inc. 2014 q1 quarterly report form 10 q xbrl . united states securities and exchange commission . may 15 2014 . profile fossil hoover s a b thompson steven r. fossil to acquire accessory maker for 225m dallas business journal tuesday january 10 2012 mchugh josh wrist top revolution how fashion watchmaker fossil teamed up with microsoft and palm to change the face of wearable computing wired issue 11.04 april 2003 wood sean watchmaker plans ipo to fund acquisitions expansion dallas business journal february 7 1992 p. 3 . quarterly report pursuant to section 13 or 15 d of the securities exchange act of 1934 for the quarterly period ended october 6 2001 docket defendant fossil inc http www.ic.gc.ca app opic cipo trdmrks srch vwtrdmrk.do ; jsessionid 0001svbozc48vofgqklv vqjduw 1080n6r lang eng & filenumber 879321 https www.fossilgroup.com careers our story halkias maria fossil watches empire grow popular company marks 20th year the dallas morning news january 8 2005 fossil to acquire accessory maker for 225m yahoo finance zacks equity research wed january 11 2012 introducing fossil swiss fossil corporate blog february 2013 . steigrad alexandra fossil adds swiss men s watches women s wear daily february 7 2013 fossil acquires wearable maker misfit for 260 million the verge november 12 2015 . fossil watches handbags wallets & clothing about segan sascha fossil to sell caller id watch pc magazine september 28 2006 fossil to make nfl watch . 2006 10 04 . fossil special markets division fossil corporate excellence in interactive marketing awards eima dfw dallas fort worth interactive marketing association 1 2 further reading edit 50 wealthiest greeks in america 26 kosta & tom kartsotis 400 million watches & leather accessories the national herald february 19 2011 fossil a vintage design that brought success watchalyzer watches magazine . barrett william p. selling nostalgia and whimsy forbes november 8 1993 p. 224 . meadus amanda fossil falters but watches tick on wwd december 11 1995 p. 8 . strandberg keith w. fossil the great american watch company europa star 3 february 2005 external links edit wikimedia commons has media related to fossil inc. . official website coordinates 32 58 47 n 96 42 09 w 32.9798 n 96.7025 w 32.9798 ; 96.7025 v t e designer labels etienne aigner akris armani aspinal asprey max azria badgley mischka balenciaga balmain victoria beckham laura biagiotti manolo blahnik ozwald boateng hugo boss burberry tory burch cacharel ally capellino pierre cardin cartier cavalli c line chanel chlo jimmy choo dior s. t. dupont dolce & gabbana adolfo dom nguez dsquared2 escada etro fendi salvatore ferragamo gianfranco ferr fiorucci tom ford fossil diane von f rstenberg jean paul gaultier givenchy gottex goyard gucci heatherette daniel hechter herm s herrera tommy hilfiger marc jacobs donna karan kenzo calvin klein michael kors lacoste lacroix karl lagerfeld helmut lang lanvin guy laroche ralph lauren yves saint laurent judith leiber nanette lepore monique lhuillier phillip lim loewe longchamp christian louboutin l o marciano maison margiela lana marks marni stella mccartney alexander mcqueen carlos miele issey miyake missoni moschino mouawad moynat thierry mugler mulberry fred perry pinto zac posen prada emilio pucci paco rabanne oscar de la renta rochas sonia rykiel elie saab sabyasachi proenza schouler paul smith kate spade anna sui elie tahari samantha thavasa tiffany s tony bowls valentino giambattista valli kris van assche john varvatos versace viktor & rolf louis vuitton alexander wang vera wang vivienne westwood jason wu dan liu wooyoungmi giuseppe zanotti rachel zoe ermenegildo zegna retrieved from https en.wikipedia.org w index.php title fossil group & oldid 744300058 categories 1984 establishments in texasamerican brandsclothing brands of the united statescompanies based in richardson texascompanies listed on nasdaqdesign companies established in 1984fashion accessory brandshigh fashion brandsmanufacturing companies established in 1984watch brandswatch manufacturing companies of the united stateshidden categories all articles with unsourced statementsarticles with unsourced statements from october 2015commons category with local link same as on wikidataofficial website different in wikidata and wikipediacoordinates not 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 deutschfran aisnederlandsportugu s edit links this page was last modified on 14 october 2016 at 11 05 . text is available under the creative commons attribution sharealike license ; 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