FOSL

Fossil Group Announces Appointment of Eugene Davis and Pamela Corrie to Board of Directors

Retrieved on: 
Monday, March 25, 2024
FOSL, Burford Capital, GTT Communications, Spark Networks, BHG, Weil, Gotshal & Manges, Corporation, General counsel, Lord, Verso Corporation, AIG Financial Products, Acquisition, Senior, Bed Bath & Beyond, Lord & Taylor, Accounting, Fossil, Management

RICHARDSON, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or the “Company”, NASDAQ: FOSL) today announced that Eugene I. Davis has been appointed to the Board of Directors (the “Board”), effective March 24, 2024.

Key Points: 
  • RICHARDSON, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or the “Company”, NASDAQ: FOSL) today announced that Eugene I. Davis has been appointed to the Board of Directors (the “Board”), effective March 24, 2024.
  • The Company also announced that it has entered into a Cooperation Agreement with shareholder The Buxton Helmsley Group, Inc. (“BHG”).
  • Pursuant to the Cooperation Agreement, the Company will welcome BHG nominee Pamela B. Corrie to the Board, effective March 24, 2024.
  • The appointment of the two new independent directors reflects Fossil’s commitment to ongoing Board refreshment and governance excellence.

Fossil Group, Inc. Reports Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Wednesday, March 13, 2024
Failure, FOSL, Growth, Weakness, Terrorism, Operating cost, Information, Security (finance), Loss, TAG, Annual report, GAAP, Rationalization, Interim, Inventory, Fossil Group, Jewellery, Intellectual property, Regulation, MICHAEL, Video game

RICHARDSON, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended December 30, 2023. Separately, the Company also announced today that Kosta N. Kartsotis has stepped down as Chief Executive Officer and Jeffrey N. Boyer, Chief Operating Officer, has been appointed Interim CEO, effective immediately.

Key Points: 
  • RICHARDSON, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fourth quarter and fiscal year ended December 30, 2023.
  • As a percentage of net sales, operating expenses were 53.3% in the fourth quarter of 2023 compared to 46.9% in the prior year fourth quarter.
  • Operating margin was (5.7)% in the fourth quarter of 2023 compared to 0.3% in the prior year fourth quarter.
  • Adjusted operating margin was (2.0)% in the fourth quarter of 2023 compared to 0.6% in the prior year fourth quarter.

Fossil Group, Inc. Announces Leadership Changes

Retrieved on: 
Wednesday, March 13, 2024
FOSL, Pillsbury (brand), Kraft Foods, Treasurer, Audit committee, KSS, Sally Beauty Holdings, Compensation, SBH, Retirement, Interim, Fossil Group, Lead, Management

RICHARDSON, Texas, March 13, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (“Fossil” or “the Company”, NASDAQ: FOSL) today announced that Kosta N. Kartsotis is stepping down from his position as Chief Executive Officer and a member of the Board of Directors (the “Board”), effective immediately. To ensure a seamless transition, Kartsotis will remain with the Company in a transitional role until September 2024 and, thereafter, will provide consulting services to the Company until September 2025.

Key Points: 
  • Mr. Mansell stated, “On behalf of the entire Board, I thank Kosta for his unwavering commitment and leadership to Fossil.
  • He has been a member of the executive leadership team at Fossil Group since 2017 and has served as Chief Operating Officer since April 2021.
  • Prior to Fossil Group, he held executive leadership positions across the retail and consumer landscape, including Pier 1 Imports, Inc., Tuesday Morning Corporation, 24 Hour Fitness Worldwide Holdings, Inc., and Michaels Stores, Inc.
  • Prior to his work in retail, he served in leadership roles in several consumer product firms including The Pillsbury Company and Kraft General Foods.

Fossil Group, Inc. Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on: 
Wednesday, March 6, 2024
FOSL, Fossil Group

RICHARDSON, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the fourth quarter and full year 2023 after market close on Wednesday, March 13, 2024, followed by a conference call to discuss the results at 5:00 p.m.

Key Points: 
  • RICHARDSON, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the fourth quarter and full year 2023 after market close on Wednesday, March 13, 2024, followed by a conference call to discuss the results at 5:00 p.m.
  • ET the same day.
  • The call can be accessed live on the Company’s investor relations website at www.fossilgroup.com/investors and will also be archived for replay.

Fossil Group, Inc. Confirms Receipt of Director Nominations From Buxton Helmsley Group, Inc.

Retrieved on: 
Tuesday, February 20, 2024
Fossil, FOSL, BHG, Annual general meeting, Bank statement

Fossil’s Board and management team are committed to serving the best interests of the Company and its stockholders.

Key Points: 
  • Fossil’s Board and management team are committed to serving the best interests of the Company and its stockholders.
  • We regularly engage with stockholders and welcome constructive feedback on our shared goal of driving sustained stockholder value.
  • Since September 15, 2023, the date of BHG’s first letter to the Company, Fossil has repeatedly offered to engage with BHG, but each offer was rejected by BHG.
  • Fossil stockholders are not required to take any action at this time.

BUXTON HELMSLEY NOMINATES FOUR HIGHLY QUALIFIED DIRECTORS TO FOSSIL GROUP BOARD TO HELP END YEARS OF SHAREHOLDER SUFFERING

Retrieved on: 
Tuesday, February 20, 2024
Steps, Citadel, Celsius Network, Certified Public Accountant, Senior, Failure, Long Island University, Certified Fraud Examiner, History, Fossil Group, Organization, Boxed, Corporation, Bank statement, Annual general meeting, School, Fortune 500, Accounting, FOSL, Bed Bath & Beyond, Lord & Taylor, CFE, Chairperson, BlackRock, Certified in Financial Forensics, Columbia University, Business school, CPA, CFF, Delta Air Lines, Spark Networks, Burford Capital, Risk, General counsel, Business, Lord, Research, LUSH, Face, CFO, The Company, Bloomberg, BHG, AIG Financial Products, Pier 1 Imports, Weil, Gotshal & Manges, Justice, Management

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- The Buxton Helmsley Group, Inc. (together with certain of its affiliates, "BHG" or "we"), which has an approximate 1.4% interest in Fossil Group, Inc. ("Fossil" or the "Company") (NASDAQ: FOSL), today announced its intention to nominate four highly qualified director candidates to the Fossil Board of Directors (the "Board") at the Company's 2024 Annual Meeting of Shareholders.

Key Points: 
  • Alexander Parker, Senior Managing Director at BHG, said, "Fossil is a beloved brand that has delighted millions of customers for years.
  • "Given the Board's abysmal judgement and failure to oversee management for years, the need for immediate change at Fossil is abundantly clear.
  • As a result, Buxton Helmsley is nominating four highly qualified directors with the required skillsets, financial and operational acumen, track records of creating shareholder value, and integrity to restore Fossil's credibility and rebuild trust with investors.
  • She is also Head of Strategy, Consulting at Seramount, a professional services and research firm committed to advancing high-performing, inclusive workplaces.

Fossil Group Selects NewStore Omnichannel Platform to Transform its Shopping Experience Globally

Retrieved on: 
Tuesday, November 28, 2023
Cloud, Sales management, Sale, BORIS, Senior, Salesforce, Investment, Commerce, Marketing, America's Store, FOSL, POS, NewStore, Luxottica, Mobile phone, Online shopping, Fossil Group

BOSTON and RICHARDSON, Texas, Nov. 28, 2023 /PRNewswire/ -- NewStore, a modular, mobile-first omnichannel cloud platform for retail brands worldwide, today announced Fossil Group, Inc. (NASDAQ: FOSL) is now using the company's technology globally to reimagine the shopping experience across its Fossil, Fossil Outlet, and Watch Station stores. The lifestyle accessories company has replaced its legacy store solution with the NewStore mobile point-of-sale (mPOS), which will be live in hundreds of locations across 19 countries once the project is complete.

Key Points: 
  • BOSTON and RICHARDSON, Texas, Nov. 28, 2023 /PRNewswire/ -- NewStore , a modular, mobile-first omnichannel cloud platform for retail brands worldwide, today announced Fossil Group, Inc. (NASDAQ: FOSL) is now using the company's technology globally to reimagine the shopping experience across its Fossil , Fossil Outlet , and Watch Station stores.
  • "The NewStore platform is a significant leap in Fossil Group's mission to deliver a seamless and unified customer experience.
  • By replacing its legacy, on-premise system with NewStore, Fossil Group has unlocked the benefits of a global, fully cloud-based POS.
  • "NewStore represents a significant, strategic partner for Fossil on our continued journey to invest in the retail and omnichannel experience.

Fossil Group, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Security (finance), Operating cost, Terrorism, Inventory, Information, SG, EBITDA, Net, Fossil Group, Intellectual property, GAAP, TAG, Growth, Marketing, Regulation, FOSL, Jewellery, Annual report, FOSSIL, Pharmaceutical industry, Retail, Video game

RICHARDSON, Texas, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal third quarter ended September 30, 2023.

Key Points: 
  • RICHARDSON, Texas, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today announced financial results for the fiscal third quarter ended September 30, 2023.
  • As a percentage of net sales, operating expenses were 60.5% in the third quarter of 2023 compared to 45.2% in the prior year third quarter.
  • Operating margin was (13.5)% in the third quarter of 2023 compared to 5.2% in the prior year third quarter.
  • Adjusted operating margin was (9.0)% in the third quarter of 2023 compared to 5.3% in the prior year third quarter.

Fossil Group, Inc. Announces Date for Third Quarter 2023 Earnings Release and Conference Call

Retrieved on: 
Friday, October 27, 2023
FOSL, Fossil Group, Cryptocurrency

RICHARDSON, Texas, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the third quarter 2023 after market close on Wednesday, November 8, 2023, followed by a conference call to discuss the results at 5:00 p.m.

Key Points: 
  • RICHARDSON, Texas, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that it will report financial results for the third quarter 2023 after market close on Wednesday, November 8, 2023, followed by a conference call to discuss the results at 5:00 p.m.
  • ET the same day.
  • The call can be accessed live on the Company’s investor relations website at www.fossilgroup.com/investors and will also be archived for replay.

Fossil Group, Inc. to Participate in B. Riley Securities 2023 Consumer Conference

Retrieved on: 
Wednesday, September 6, 2023
Fossil Group, Conference, FOSL, Rare-earth element, Cryptocurrency

RICHARDSON, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that the Company will participate in the B. Riley Securities 2023 Consumer Conference on September 14, 2023.

Key Points: 
  • RICHARDSON, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) announced today that the Company will participate in the B. Riley Securities 2023 Consumer Conference on September 14, 2023.
  • Sunil Doshi, Chief Financial Officer, and Holly Briedis, Chief Customer Officer, will participate in a fireside chat and host one-on-one meetings the same day.