Fossil Group, Inc. and Diesel S.p.A. Extend Partnership With Ten Year Global Licensing Agreement for Watches
November 20 2015 - 9:17AM
Fossil Group, Inc. (NASDAQ:FOSL) (the "Company") announced today
that it has extended a global watch licensing agreement with Diesel
through 2025.
Safe
Harbor
Certain statements contained herein that are not historical
facts, including future earnings guidance as well as estimated
impacts from foreign currency translation and restructuring
charges, constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and involve
a number of risks and uncertainties. The actual results of
the future events described in such forward-looking statements
could differ materially from those stated in such forward-looking
statements. Among the factors that could cause actual results
to differ materially are: changes in economic trends and financial
performance, changes in consumer demands, tastes and fashion
trends, lower levels of consumer spending resulting from a general
economic downturn, shifts in market demand resulting in inventory
risks, changes in foreign currency exchange rates, risks related to
the acquisition and integration of Misfit, Inc., and the outcome of
current and possible future litigation, as well as the risks and
uncertainties set forth in the Company's Annual Report on Form 10-K
for the fiscal year ended January 3, 2015 filed with the Securities
and Exchange Commission (the "SEC"). These forward-looking
statements are based on our current expectations and beliefs
concerning future developments and their potential effect on us.
While management believes that these forward-looking statements are
reasonable as and when made, there can be no assurance that future
developments affecting us will be those that we
anticipate. Readers of this release should consider these
factors in evaluating, and are cautioned not to place undue
reliance on, the forward-looking statements contained
herein. The Company assumes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events, or otherwise, except as required by
law.
About Fossil Group, Inc.
Fossil Group, Inc. is a global design, marketing and
distribution company that specializes in consumer lifestyle and
fashion accessories. The Company's principal offerings include
an extensive line of men's and women's fashion watches and jewelry
sold under a diverse portfolio of proprietary and licensed brands,
handbags, small leather goods and accessories. The Company's
products are sold to department stores, specialty retail stores and
specialty watch and jewelry stores in the U.S. and in approximately
150 countries worldwide through 26 Company-owned foreign sales
subsidiaries and a network of approximately 75 independent
distributors. The Company also distributes its products in
over 600 Company-owned and operated retail stores, through its
international e-commerce websites and through the Company's U.S.
e-commerce website at www.fossil.com. Certain press release and SEC
filing information concerning the Company is also available at
www.fossilgroup.com.
CONTACT: Investor Relations:
Eric M. Cerny
FOSSIL GROUP, Inc.
(855) 336-7745
Allison Malkin
ICR, Inc.
(203) 682-8225
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