Successful Balance Sheet Transformation
Fossil Group completed bond restructuring, extending debt maturity to 2029 and bringing in more than $32 million of new capital, providing financial flexibility for future growth.
Recognition as a Leading Brand
Fossil was named on Time Magazine's list of World's Best Brands for the second consecutive year, ranking #1 in Germany and #2 in the U.S.
Improved Gross Margin Profile
Full price selling model and cost control measures have positioned Fossil Group to achieve a best-in-class gross margin profile in the mid-50s.
Strong Performance in Asia
Asia region showed positive growth, led by strong performance in India and Japan, with gross margin expansion despite challenges in China.
Innovative Collaborations and Campaigns
Partnership with Nick Jonas and collaboration with Fantastic Four and Galactus led to successful product launches and increased brand awareness.