Fossil Group, Inc. reports developments in its global lifestyle accessories business, including watches, jewelry, handbags, small leather goods, belts and sunglasses. The company markets owned brands such as Fossil, Michele, Relic, Skagen and Zodiac, alongside licensed brands including Armani Exchange, Diesel, Emporio Armani, Michael Kors, Skechers and Tory Burch across wholesale, retail and e-commerce channels.
Recurring updates include quarterly and annual results, gross-margin and product-margin commentary, turnaround-plan actions, brand campaigns, executive and organizational changes, and financing matters tied to senior notes, asset-based lending and equity-capital activity.
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.
Fossil (NASDAQ: FOSL) extended the expiration of its Exchange Offer, Consent Solicitation and Rights Offering from 5:00pm NYC on Oct 15, 2025 to 5:00pm NYC on Oct 22, 2025. As of 5:00pm on Oct 15, 2025, $113,057,875 of the 7.00% Senior Notes due 2026 had been validly tendered—75.37% of the $150,000,000 aggregate outstanding principal.
The company will proceed with its UK Proceeding on the disclosed schedule: a Plan Meeting on Nov 6, 2025 and a potential sanction hearing on Nov 10, 2025. Fossil said it is not currently pursuing an IPO of a subsidiary in India and reminded investors the Exchange Offer and related transactions are described in its Form S-3 and S-4 registration statements.
Fossil Group (NASDAQ: FOSL) announced that Fossil (UK) Global Services Ltd has launched a Restructuring Plan under Part 26A of the UK Companies Act in respect of the 7.00% Senior Notes due 2026. A Convening Hearing in the High Court of Justice of England and Wales is scheduled no earlier than 10:00 a.m. London time on October 15, 2025 to seek directions and permission to convene a Plan creditor meeting.
The company filed registration statements on Form S-3 (File No. 333-290139) and Form S-4 (File No. 333-290141) with the SEC; prospectus materials are available on EDGAR and the Plan website.
Fossil (NASDAQ: FOSL) extended its Exchange Offer, Consent Solicitation and concurrent Rights Offering deadline from 5:00pm ET on Oct 7, 2025 to 5:00pm ET on Oct 15, 2025. The company plans to proceed with the previously disclosed UK Proceeding schedule, including a Convening Hearing on Oct 15, 2025, and may make corresponding indenture amendments prior to a definitive determination under the Transaction Support Agreement.
As of 5:00pm ET on Oct 7, 2025, $107,920,500 of the Old Notes had been validly tendered, representing 71.95% of $150,000,000 outstanding; $102,078,075 came from new-money participants (68.05%). Registration Statements on Form S-3 and S-4 have been filed with the SEC.
Fossil Group (NASDAQ:FOSL) has launched a comprehensive debt restructuring initiative involving three key components: an Exchange Offer, a Consent Solicitation, and a Rights Offering. The company is offering to exchange all outstanding 7.00% Senior Notes due 2026 for new secured notes with varying terms.
The Exchange Offer includes two options: 9.500% First-Out First Lien Secured Senior Notes due 2029 for holders participating in new money financing, or 7.500% Second-Out Second Lien Secured Senior Notes due 2029 for non-participants. Both options include warrants. Supporting holders, representing 60% of existing notes, have already committed to the restructuring through a Transaction Support Agreement.
The transaction includes a $32.5 million New Money Financing component, with $12.9 million offered to general holders and $19.6 million allocated to supporting holders. The deadline for participation is set for October 7, 2025.
Fossil Group (NASDAQ:FOSL) reported Q2 2025 financial results, showing signs of turnaround with positive operating income. The company achieved net sales of $220.4 million, down 15.2% year-over-year, while gross margin expanded significantly by 490 basis points to 57.5%. Operating income reached $8.5 million with a 3.9% margin.
Key highlights include a 30.8% reduction in operating expenses to $118.2 million, benefiting from an $11 million gain on European warehouse sale. The company maintains strong liquidity of $110.6 million and has raised its full-year 2025 guidance, now expecting mid-teens sales decline versus previous mid to high teens forecast, with adjusted operating margin projected to be breakeven to slightly positive.
Fossil Group (NASDAQ:FOSL) has announced significant financial restructuring initiatives including a new $150 million asset-based revolving credit facility with Ares Management Credit funds, maturing in 2030. The company has also entered into a Transaction Support Agreement with holders of approximately 59% of its 7.00% Senior Notes due 2026.
The agreement includes an exchange offer featuring: 1) A new money investment opportunity of up to $32.5 million for new 9.5% First-Out Senior Secured Notes due 2029, 2) An option to exchange existing notes for new secured notes, and 3) Distribution of warrants for common stock. If less than 90% of noteholders participate, the restructuring may be implemented through a UK proceeding.
Fossil Group (NASDAQ:FOSL) has scheduled its second quarter 2025 earnings release and conference call for Wednesday, August 13, 2025. The financial results will be released after market close, followed by a conference call at 5:00 p.m. ET to discuss the results. Investors can access the live call and replay through the company's investor relations website at fossilgroup.com/investors.
Fossil Group (NASDAQ:FOSL) has appointed Laks Lakshmanan as its new Chief Supply Chain Officer, effective June 16, 2025. Lakshmanan brings over 20 years of supply chain leadership experience and will oversee Fossil's global end-to-end supply chain operations across all brands and regions.
Previously serving as Managing Director at Alvarez & Marsal, Lakshmanan has already been working with Fossil for the past two years as interim Head of Supply Chain. During this period, he has contributed to reshaping the company's distribution strategy and improving manufacturing responsiveness and cost structure.
Fossil Group (NASDAQ: FOSL) has appointed two new members to its Board of Directors: Pamela Edwards and Wendy Schoppert, effective May 16, 2025. The appointments expand the board to ten members, including nine independent directors. Both will serve on the Audit Committee.
Edwards, currently serving on boards of Azek Company, Olaplex, and Citi Trends, brings extensive expertise in corporate finance and retail operations from her previous roles as CFO at Citi Trends and L Brands divisions. Schoppert, currently Chair of The ODP Corporation's Board and DaVita Inc. board member, brings experience in finance, digital transformation, and governance from her executive career at Sleep Number Corporation.
These appointments align with Fossil's ongoing turnaround plan, focusing on building long-term shareholder value.