Bmw Licensing Agreement
In important brand news, The Fossil Group has signed a global licensing agreement with the Bayerische Motoren Werke Aktiengesellschaft (BMW) for the design, development and distribution of BMW watches and smartwatches until 2023. The BMW Group agreement is Fossil Group`s first automotive brand license. In 2019, new accessories will be launched and sold in more than 4,000 BMW retail channels worldwide, as well as through major retailers in the Fossil Group`s global network. Fossil Group Inc. FOSL, up 2.75% said on Monday that it had entered into a licensing agreement with Bayerische Motoren Werke Aktiengesellschaft (BMW) for BMW watches and smartwatches until 2023. The first collections will be available in 2019 and will be sold in 4,000 BMW retail channels as well as on Fossil`s global distribution network. Fossil stocks rose by more than 215% over the previous year, while the SPX 500 index rose by -0.06% by 5.4%. Moderna publishes a study that shows that the vaccine candidate could grant longer-term immunity. . . . Few details of the partnership have been revealed, but the collaboration with BMW could be an important step forward for the Fossil Group. None of the other brands in the fashion house for which Fossil manufactures watches make the top 100.
Rolex is ranked 72nd on the Forbes 2018 list. . About Fossil Group, Inc. Fossil Group, Inc. is a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Among a diverse portfolio of own and licensed brands, our offerings include fashion watches, jewelry, handbags, small leather goods and wearables. With our new Misfit brand, we bring style and technology to the fast-growing connected space. We strive to provide the best of design and innovation through our own brands Fossil, Michele, Misfit, Relic, Skagen and Zodiac, as well as licensed brands, Armani Exchange, Chaps, Diesel, DKNY, Emporio Armani, kate spade new york, Marc Jacobs, Michael Kors, Puma and Tory Burch. We will bring all brands back to life with an extensive wholesale distribution network in 150 countries and 500 retail locations.
Some press releases and DEE information about the company are also available at www.fossilgroup.com. Among a diversified portfolio of own and licensed brands, Fossil Group`s offering includes fashion watches, jewellery, handbags, small leather goods and wearables on their own brands, Fossile, Michele, Misfit, Relic, Skagen and Zodiac and licensed brands, Armani Exchange, Chaps, Diesel, DKNY, Emporio Armani, Kate Spade New York, Marc Jacobs, Michael Kors, . The products are expected to be sold on the shelves in 2019 and sold in 4000 BMW retail channels and the Fossil Group`s international dealer network. Safe HarborSeers 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. Actual results of future events described in such forward-looking statements may differ materially from those expressed in such forward-looking statements. Factors that could lead to significant differences in actual results include the risks and uncertainties outlined in the company`s activity report on Form 10-K for the year ended December 30, 2017 with the Securities and Exchange Commission.