Fossil Group Announces Notice of Plan Meeting
Rhea-AI Summary
Fossil Group (NASDAQ:FOSL) announced a Court-ordered restructuring plan meeting for holders of the $150 million 7.00% Senior Notes due 30 November 2026. A Convening Order dated 15 October 2025 calls the Plan Meeting for 6 November 2025 (2:00 p.m. London / 9:00 a.m. NYC). The Record Date for voting is 27 October 2025; voting instructions deadline is 3 November 2025 at 10:00 p.m. London / 5:00 p.m. NYC.
The Restructuring Plan will be subject to Court sanction at a Sanction Hearing expected on 10 November 2025. Explanatory materials and the Prospectus (dated 25 September 2025) are available on the Plan Website and via the Information Agent.
Positive
- Convening Order issued by High Court on 15 Oct 2025
- Plan Meeting scheduled for 6 Nov 2025
- Prospectus filed on 25 Sep 2025 with SEC
Negative
- Restructuring outcome requires Court sanction at 10 Nov 2025
- Voting Record Date restricts eligible votes to holders as of 27 Oct 2025
News Market Reaction 30 Alerts
On the day this news was published, FOSL declined 29.60%, reflecting a significant negative market reaction. Argus tracked a trough of -43.5% from its starting point during tracking. Our momentum scanner triggered 30 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $85M from the company's valuation, bringing the market cap to $202M at that time.
Data tracked by StockTitan Argus on the day of publication.
| Claim No: CR-2025-007011 | |
| IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES INSOLVENCY AND COMPANIES LIST (ChD) |
IN THE MATTER OF FOSSIL (UK) GLOBAL SERVICES LTD
- and -
IN THE MATTER OF THE COMPANIES ACT 2006
RESTRUCTURING PLAN
(under Part 26A of the Companies Act 2006)
Between
Fossil (UK) Global Services Ltd (the “Company”)
and
THE PLAN CREDITORS
RICHARDSON, Texas, Oct. 16, 2025 (GLOBE NEWSWIRE) -- NOTICE IS HEREBY GIVEN that, pursuant to an Order made by the High Court of Justice of England and Wales (the “Court”) dated 15 October 2025 (the “Convening Order”), a single meeting (the “Plan Meeting”) of such persons who are or may be creditors of the Company in respect of the US
A copy of the document in which the terms of the Restructuring Plan are contained and a copy of the statement required to be furnished pursuant to section 901D of the Companies Act 2006 (the “Explanatory Statement”) are available on the Plan Website at https://dm.epiq11.com/fossil. Plan Creditors can obtain access to the Plan Website by contacting Epiq Corporate Restructuring, LLC (the “Information Agent”) using the details set out below. Further details of the Restructuring Plan and instructions and guidance for Plan Creditors are set out in the Explanatory Statement. Plan Creditors are encouraged to read the Explanatory Statement carefully.
A capitalised term used in this notice which is not otherwise defined herein shall have the meaning given to it in the Explanatory Statement.
NOTICE IS ALSO HEREBY GIVEN that the Plan Meeting will be held at the offices of Weil, Gotshal & Manges LLP, 110 Fetter Lane, London EC4A 1AY, United Kingdom (and via video conference for Plan Creditors and proxies who are unable to attend the physical meeting) to commence at 2:00 p.m. (London time) / 9:00 a.m. (New York City time).
- The Record Date for Plan Creditors to be eligible to vote and attend the Plan Meeting is Monday, 27 October 2025 (the “Record Date”).
- All Plan Creditors as at the Record Date are requested to attend the Plan Meeting at the time and place above indicated either personally (physically or by video conference) or by proxy.
- Plan Creditors are strongly encouraged to appoint a proxy (either the Chairperson or another person of their choice who is willing to attend the Plan Meeting) by completing and submitting a Plan Creditor Letter, and for those wanting to attend the Plan Meeting in person or to appoint a proxy other than the Chairperson, their Identification Documents, prior to the Voting Instructions Deadline, even if they intend to attend and vote in person, in case they are unable to do so for any reason. In any case, only one individual person may attend the Plan Meeting on behalf of a Plan Creditor. If a Plan Creditor does not submit a Plan Creditor Letter before the Voting Instructions Deadline, its admission to, and, thus, entitlement to vote at, the Plan Meeting (following the submission of its Identification Documents) will be at the discretion of the Chairperson.
- It is requested that instructions to appoint either the Chairperson or someone else as proxy are submitted by the Plan Creditors to the Information Agent via the Plan Creditor Letter as soon as possible and in any event so as to be received by no later than 10:00 p.m. (London time) / 5:00 p.m. (New York City time) on Monday, 3 November 2025, being the Voting Instructions Deadline.
- For further details regarding steps to be taken for the purposes of voting, please refer to the Plan Creditor Letter, which can be found on the Plan Website at https://dm.epiq11.com/fossil.
- Those Plan Creditors who are Sanctions Disqualified Persons are not eligible to vote on the Restructuring Plan at the Plan Meeting.
- By the Convening Order, the Court has appointed Gemma Sage of Weil, Gotshal & Manges LLP or, failing her, another partner of Weil, Gotshal & Manges LLP, as the chairperson of the Plan Meeting (the “Chairperson”) and has directed the Chairperson to report the result of the Plan Meeting to the Court.
- The Restructuring Plan will be subject to the subsequent approval of the Court. The Sanction Hearing is expected to be held on Monday, 10 November 2025.
- For further information of a general nature on the Restructuring Plan, please contact Weil, Gotshal & Manges LLP, the Company’s legal advisors, for further information on the voting procedure, please contact Epiq Corporate Restructuring, LLC, the Information Agent, and for further general media enquiries in relation to the Restructuring Plan or the Notes Restructuring, please contact Brunswick Group LLP, the Group’s media contact, using the following contact details:
(a) Weil, Gotshal & Manges LLP
Name: Andrew Wilkinson / Gemma Sage
Email address: fossil.restructuringplan@weil.com
(b) Epiq Corporate Restructuring, LLC as Information Agent
Email address: Registration@epiqglobal.com with “Fossil” referenced in the subject line
(c) Brunswick Group LLP, as media contact
Email address: Fossilgroup@brunswickgroup.com - If a Retail Holder has any questions or objections regarding the Restructuring Plan, they are encouraged to contact the Retail Advocate, without charge, using the following contact details:
Name: Jon Yorke
Email address: jy@fgadvocate.com
This notice is for informational purposes only and is not an offer to buy or sell or the solicitation of an offer to buy or sell any security.
Further details regarding the terms and conditions of the Restructuring Plan and Notes Restructuring can be found in the prospectus dated 25 September 2025 (the “Prospectus”) that has been filed with the SEC. ANY PLAN CREDITOR IS URGED TO READ THE PROSPECTUS AND OTHER DOCUMENTS THAT FOSSIL GROUP, INC. HAS FILED OR FILES WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT FOSSIL GROUP, INC., THE COMPANY, THE RESTRUCTURING PLAN AND THE NOTES RESTRUCTURING.
The Prospectus and other related documents, when filed, can be obtained for free from the SEC’s website at www.sec.gov.
Epiq Corporate Restructuring, LLC is acting as the Information Agent for the Restructuring Plan and the Notes Restructuring. Questions and requests for assistance or for copies of the Prospectus may be directed to the Information Agent at its email address at: Registration@epiqglobal.com (with the subject line to include “Fossil”) or via phone at +1 (646) 362-6336.
If a Retail Holder has any questions or objections regarding the Restructuring Plan or the Notes Restructuring, they are encouraged to contact the Retail Advocate, without charge, by emailing jy@fgadvocate.com.
Weil, Gotshal & Manges LLP
110 Fetter Lane
London
EC4A 1AY
United Kingdom
Solicitors for the Company
Dated 16 October 2025
FAQ
What is the purpose of the Fossil Group (FOSL) Plan Meeting on November 6, 2025?
Who is eligible to vote on the Fossil Group (FOSL) Restructuring Plan?
What are the key deadlines for Fossil Group (FOSL) noteholders to participate?
When will the court decide whether to sanction the Fossil Group (FOSL) Restructuring Plan?
Where can FOSL noteholders find the Restructuring Plan documents and Prospectus?
How can Fossil Group (FOSL) noteholders submit questions or appoint a proxy?
