M&A Deal Summary

Fossil Group Acquires Misfit

On November 12, 2015, Fossil Group acquired consumer services company Misfit for 260M USD

Acquisition Highlights
  • This is Fossil Group’s 1st transaction in the Consumer Services sector.
  • This is Fossil Group’s largest (disclosed) transaction.
  • This is Fossil Group’s 2nd transaction in the United States.
  • This is Fossil Group’s 1st transaction in California.

M&A Deal Summary
Date 2015-11-12
Target Misfit
Sector Consumer Services
Buyer(s) Fossil Group
Deal Type Add-on Acquisition
Deal Value 260M USD

Target

Misfit

Burlingame, California, United States
website
Misfit, Inc. invent and manufacture wearable and smart home products.

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Buyer(S) 1

Buyer

Fossil Group

Richardson, Texas, United States

website

Category Company
Founded 1984
Sector Consumer Products
Employees6,900
Revenue 1.9B USD (2021)
DESCRIPTION
Entrance to Fossil's corporate headquarters in Richardson, Texas.
Entrance to Fossil's corporate headquarters in Richardson, Texas.

Fossil Group is a designer and manufacturer of watches and jewelry. Brands include Fossil, Relic, Abacus, Michele Watch, Skagen, and Zodiac. The Company also makes watches for other brands and maintains over 300 retail outlets. Fossil Group was incorporated in 1984 and is based in Richardson, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (California) 1 of 1
Country (United States) 2 of 2
Year (2015) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-10 Skagen Denmark

Reno, Nevada, United States

Skagen Designs is an international company offering contemporary Danish design accessories including watches, jewelry, sunglasses and clocks. In addition to its corporate headquarters in Reno, Nevada, Skagen Designs and its international affiliates operate regional offices in Denmark, Hong Kong, Germany, the U.K. and Canada. Skagen products are sold in 75 global markets and in company-owned and operated retail stores in Denmark, Germany, U.K. and Hong Kong.

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