Fossil, Inc. and the Tory Burch Company Sign Global Licensing Agreement
RICHARDSON, Texas, Feb. 12, 2013 (GLOBE NEWSWIRE) -- Fossil, Inc.
(Nasdaq:FOSL) announced today that it has entered into a global licensing
agreement with the Tory Burch Company. Fossil and Tory Burch will collaborate
on the design, development and distribution of timepieces for the Tory Burch
brand. This partnership will combine Fossil's innovative approach to timepiece
design and its distribution expertise with the elegance, classic design and
lifestyle that Tory Burch embodies.
Tory Burch, CEO of the Tory Burch Company, says, "I am thrilled to partner
with Fossil, a leader in the watch industry that is aligned with our vision
and business strategy. Expanding into timepieces will perfectly complement our
accessories collection, an integral part of our brand DNA."
Kosta Kartsotis, Fossil CEO, added, "We are very pleased to be partnering with
Tory Burch to create a distinctive watch business for this exceptional brand.
This will enable us to leverage our strengths in design and worldwide
distribution and enhance our position as the leader in the global watch
The Tory Burch timepiece collection's global launch is scheduled for late
Certain statements contained herein that are not historical facts 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, 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 December 31, 2011 and its Quarterly
Reports on Form 10‑Q filed with the Securities and Exchange Commission (the
Fossil is a global design, marketing and distribution company that specializes
in consumer Fashion accessories. The Company's principal offerings include an
extensive line of men's and Women's watches and jewelry sold under proprietary
and licensed brands, handbags, leather goods, sunglasses, soft accessories and
clothing. The Company's products are sold to department stores, specialty
retail stores in the U.S. and in approximately 120 countries worldwide. The
Company also distributes its products in over 400 Company-owned and operated
retail stores and through international e-commerce websites and the Company's
U.S. e-commerce website at www.fossil.com, where certain product, press
release and SEC filing information concerning the Company are also available.
The Fossil, Inc. logo is available at
About Tory Burch:
Tory Burch, a privately held company, is an American sportswear brand with a
classic sensibility combined with a global and eclectic aesthetic.Launched in
February 2004, Tory Burch is carried in 83 freestanding stores across the
U.S., Europe, Middle East, Latin America and Asia, over 1,000 department and
specialty stores worldwide and atwww.toryburch.com.
CONTACT: Allison Malkin
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