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%. 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. 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. Moderna publishes a study that shows that the vaccine candidate could grant longer-term immunity. .
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. “BMW is one of the most iconic brands in the world,” said Kosta Kartsotis, President and CEO of The Fossil Group, in a statement, adding: “We look forward to passing on our expertise in watch design and smart watch skills to BMW enthusiasts around the world.” Our know-how and experience are your competitive advantage. . Safe HarborSee, which 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.