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Managing director Johnson Verghese says buyers in India are trading up to premium automatic models and collecting multiple timepieces across different occasions.
Each year Fossil refreshes its stylish lineup of smartwatches with new models that feature updated hardware and, sometimes, different designs. This is year is no exception and a new set of Fossil wearable devices are expected to arrive as early as fall. A…
Big brands are set to lose share in a major shakeup of the smartwatch market. According to Juniper Research, the largest brands in the category now will see their market share fall by 2023 as new niche players gain ground. Four leading brands including Apple,…
Fossil Group has signed a global licensing agreement with BMW to design, develop and distribute BMW-branded watches and smartwatches until 2023. “BMW is one of the most iconic brands in the world,” said Fossil Group chairman and CEO Kosta Kartsotis. “We look…
Watches that appear to be analogue models but integrate smartwatch features will make up more than half of the smartwatch market by 2022, according to Juniper Research. This means that nearly 80 million hybrid smartwatches, such as Fossil Q and Nokia Steel,…
American watchmaker Fossil Group said total revenues took a dive in the second-quarter, on the back of soft sales in traditional watches and retail disinterest across all regions including Asia. For the three months ended July 1, the company’s net sales…
Beauty products brand Innisfree is launching in Indonesia with brand curator Time International. Part of Korean global beauty company AmorePacific Group, Innisfree offers products made with natural ingredients from Jeju, a volcanic island off the southern…
Fossil Group will double its Fossil wearables production this year to 300 new products, plus add new brands. Fossil Group has announced it will double its Fossil wearables production this year to an unmatched 300 new products, plus add new brands. New…
Project X, a multi-brand boutique that caters to young creative minds, has launched at Plaza Indonesia in Jakarta. From Time International, Project X offers a new take on men’s and unisex casual fashion and lifestyle. Its curated retail concept introduces 22…
As a part of its exercise to strengthen its foothold in the Indian market, watch and accessories brand Fossil is looking not just at penetrating with mono brand retail stores but also introducing its wearable lines which marries technology and fashion. The…
Fossil wearables has teamed with major fashion brands Chaps, Diesel, Emporio Armani, Fossil, Kate Spade New York, Michael Kors, Misfit and Skagen to launch in 40 countries in 2016. Fossil Group says it plans more than 100 wearables products – which include…
Global duty-free retailing is expected to reach nearly US$98 billion in revenue by 2019, according to a new study by global technology research and advisory company Technavio. With the expansion of low-cost airlines, many middle-class travellers are taking…
Fossil Group is to buy Misfit, an innovator in wearable technology and connected devices. The $260 million acquisition will enable Fossil to expand its addressable market, offering consumers both traditional timepieces and fashionable connected accessories.…
US-based watchmaker Fossil will invest up to INR40 crore (INR400 million, USD6.3m) to open 25 retail outlets in India by 2017 as it aims to reposition itself from a watch brand to a fashion lifestyle brand. The company, known for its range of watches, will…
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