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Fossil Group, Inc. (FOSL) is a global design, marketing, and distribution company specializing in consumer fashion accessories. The company offers a wide range of products, including watches, jewelry, handbags, small leather goods, belts, and sunglasses. FOSL markets its products under both owned and licensed brand names, catering to style-conscious consumers across various price points and age groups.
- Traditional Watches - Designs and markets a diverse range of men's and women's fashion watches under owned and licensed brands, serving as the company's primary product line.
- Jewelry - Offers a variety of fashion jewelry items, including bracelets, necklaces, and earrings, under both owned and licensed brands.
- Leathers - Produces and sells handbags, small leather goods, and belts, catering to customers seeking stylish and functional accessories.
- Smartwatches - Develops and markets connected smartwatches that combine technology with fashion, appealing to tech-savvy consumers.
- Other Products - Includes additional fashion accessories such as sunglasses, expanding the company's portfolio to meet diverse consumer needs.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Franco Fogliato ExecutiveBoard | Chief Executive Officer | Franco Fogliato is the CEO and a Board Member at Fossil Group, Inc. since September 18, 2024. He has extensive executive experience from roles at Salomon, Columbia Sportswear, Billabong, and The North Face. | View Report → | |
Jeffrey N. Boyer ExecutiveBoard | Interim Chief Executive Officer and Director | Board Member and Audit Committee at Sally Beauty Holdings, Inc.; Compensation and Talent Committee at Sally Beauty Holdings, Inc. | Jeffrey N. Boyer has served as the Interim Chief Executive Officer and Director at Fossil Group, Inc. since March 2024. Previously, he held executive roles including Executive Vice President and Chief Operating Officer from April 2021 to March 2024. | |
Holly L. Briedis Executive | Executive Vice President, Chief Growth Officer | Holly L. Briedis is the Executive Vice President, Chief Growth Officer at Fossil Group since March 2023, overseeing key digital and growth initiatives. Previously, she served as Executive Vice President, Chief Digital Officer from July 2021. | ||
Melissa B. Lowenkron Executive | Chief Brand Officer | Melissa B. Lowenkron has been the Chief Brand Officer at Fossil Group since March 2023. She previously served as Senior Vice President and General Manager, Fossil Brand starting January 2022. | ||
Randy Greben Executive | Chief Financial Officer (CFO) | Randy Greben has served as the Chief Financial Officer (CFO) at Fossil Group, Inc. since March 17, 2025, where he oversees global finance, accounting, tax, treasury, and investor relations. Previously, he held financial leadership roles at Casper Sleep Inc., Blue Apron, and ANN Inc.. | ||
Eugene I. Davis Board | Board Director, Audit Committee Member, and Chairman of the Strategic Planning and Finance Committee | Chairman and Chief Executive Officer of PIRINATE Consulting Group, LLC | Eugene I. Davis was appointed to Fossil Group, Inc.'s Board of Directors in March 2024 and currently serves as a member of the Audit Committee and Chairman of the Strategic Planning and Finance Committee, bringing over 40 years of leadership experience across more than 250 companies. | |
Gail B. Tifford Board | Chair of the Nominating and Corporate Governance Committee | Partner at True Search | Gail B. Tifford has served on the Fossil Group Board of Directors since August 2017, currently as the Chair of the Nominating and Corporate Governance Committee. She brings extensive experience from roles at True Search, WW International, Unilever, and MTV Networks. | |
Kevin Mansell Board | Chairman of the Board | Director at Columbia Sportswear Company; Director at Chico's FAS, Inc. | Kevin Mansell was elected to Fossil Group’s board in May 2019 and currently serves as Chairman of the Board and the Chairman of the Compensation and Talent Management Committee. He brings extensive governance expertise to FOSL while also serving on the boards of other companies. | |
Marc R. Y. Rey Board | Board Director | Appointed to the Fossil Group board in July 2020 , Marc R. Y. Rey serves as a member of the Compensation and Talent Management Committee and the Strategic Planning and Finance Committee. He has over 30 years of leadership experience and previously served as CEO of Beautycounter from February 2022 to June 2023. | ||
Mark R. Belgya Board | Director | Board Member at Hamilton Beach Brands Holding Company | Mark R. Belgya is a Director at Fossil Group, Inc. since May 2018, serving as Chairman of the Audit Committee and a member of the Compensation and Talent Management Committee. Previously, he held executive roles at The J.M. Smucker Company, including CFO and Vice Chair, from May 2016 until September 2020. | |
Pamela B. Corrie Board | Board Director | Burford Capital Limited (Member of Audit and Nominating/Governance Committees) ; AIG Financial Products (Board Member) ; iFIT Health and Fitness Inc. (Board Member, Chair of Nominating and Governance Committee, plus Audit, Compensation, and Special Committees) | Pamela B. Corrie was appointed to the Fossil Group Board of Directors in March 2024 and brings over 25 years of expertise in corporate restructuring and governance. She previously served as CEO of the Corporate Division at Epiq Systems from 2015 to 2016 and as Chief Restructuring Officer at ABC Carpet and Home from 2017 to 2019. | |
Susie Coulter Board | Board Member | Founder and CEO of ARQ Botanics LLC ; Board Member of Abercrombie & Fitch Co. | Susie Coulter has served on the Board of Directors at FOSL since December 5, 2022 and is a member of the Nominating and Corporate Governance Committee. She brings extensive leadership experience from her work in retail and beauty and has previously founded ARQ Botanics LLC and held executive roles at other companies. | |
Darren E. Hart | Dr. Darren E. Hart, Ph.D., served as Executive Vice President, Chief Human Resources Officer at FOSL from June 2011 until April 26, 2024, where he oversaw the company’s global HR functions including talent acquisition, compensation, and DE&I. | |||
Greg A. McKelvey | Greg A. McKelvey served as Executive Vice President, Chief Commercial Officer at Fossil Group, Inc. from March 2019 until his departure on August 11, 2023, and previously held roles as Chief Strategy and Digital Officer (December 2015 - March 2019) and Executive Vice President (February 2013 - December 2015). | |||
Kim Harris Jones | Chair of Audit Committee at United Rentals, Inc.; Chair of Audit Committee at TrueBlue, Inc. | Kim Harris Jones served on the board of Fossil Group, Inc. from October 2019 until her resignation effective July 31, 2024, and was recognized as an audit committee financial expert during her tenure. |
- How will you balance the need for promotional pull-through reduction with maintaining sales momentum and customer engagement, especially given the anticipated mid- to high-teens decline in worldwide net sales?
- With the planned closure of approximately 50 stores and the transition of several international markets to a distributor model, what specific measures are in place to ensure these actions do not dilute the strength of the Fossil brand or its direct customer relationships?
- Given your projection of $100 million in SG&A savings for 2025, what are the key risks that could derail these cost reduction efforts, and how will management address potential shortfalls?
- Could you elaborate on the strategic assumptions behind the decision to exit the smartwatch segment and how this move has influenced both your gross margin expansion and overall sales decline in Q4?
- As you work to strengthen the balance sheet, what timelines and benchmarks should investors expect for noncore asset monetizations and debt maturity resolutions to materialize into improved liquidity and shareholder value?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Armitron | Competes in the traditional watch business alongside other established manufacturers, importers, and distributors. |
Citizen | Part of the competitive landscape in the traditional watch business. |
Gucci | Operates in the traditional watch business, competing with Fossil Group. |
Guess? | A competitor in the traditional watch business. |
Kenneth Cole | Competes in the traditional watch business. |
LVMH Group | Part of the competitive landscape in the traditional watch business. |
Competes in the traditional watch business. | |
Raymond Weil | A competitor in the traditional watch business. |
Seiko | Part of the competitive landscape in the traditional watch business. |
Swatch | Competes in the traditional watch business. |
Swiss Army | A competitor in the traditional watch business. |
TAG Heuer | Part of the competitive landscape in the traditional watch business. |
Timex | Competes in the traditional watch business. |
A technology brand competing in the smartwatch market, offering alternatives to traditional watches. | |
A technology brand competing in the smartwatch market, offering alternatives to traditional watches. | |
Samsung | A technology brand competing in the smartwatch market, offering alternatives to traditional watches. |
Fitbit | A fitness brand competing in the smartwatch market, offering alternatives to traditional watches. |
Recent press releases and 8-K filings for FOSL.
- Q1 2025 results: Fossil reported net sales of $239 million with core sales declining 8%, and achieved a turnaround with adjusted operating income swinging to a $10 million profit from a prior loss, marking a sequential improvement.
- Margin expansion and cost control: Gross margins expanded by 880 basis points to 61.1%, while SG&A expenses decreased by $17 million due to targeted cost reductions including the closure of 28 retail stores (now 220 remaining).
- Strategic turnaround and guidance: The company highlighted its progress on a three-pillar turnaround plan—refocusing on core operations, rightsizing cost structure (including new leadership and board additions), and strengthening the balance sheet—while reiterating its full-year guidance for 2025 amid proactive tariff mitigation efforts.
- Randy Greben was appointed as CFO, effective March 17, 2025 – reinforcing leadership amid transformation efforts
- Positive turnaround with Q4 adjusted operating income of $20 million and a 6% operating margin, reversing last year’s loss
- Gross margin expanded by 630 basis points to 53.9%, reflecting strong cost efficiencies and reduced promotional activity
- Q4 net sales were $342 million, a decline of approximately 19% on a reported basis amid constant currency headwinds
- Operational improvements include a 17% drop in SG&A expenses to $172.1 million and anticipated $100 million in SG&A savings for 2025
- Strategic actions focus on exiting the smartwatch category, optimizing the retail footprint, renewing focus on core traditional watches, and implementing store closures with workforce reductions