M&A Deal Summary

Fossil Group Acquires Zodiac Watches

On October 1, 2001, Fossil Group acquired consumer products company Zodiac Watches for 5M USD

Acquisition Highlights
  • This is Fossil Group’s 1st transaction in the Consumer Products sector.
  • This is Fossil Group’s 3rd largest (disclosed) transaction.
  • This is Fossil Group’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2001-10-01
Target Zodiac Watches
Sector Consumer Products
Buyer(s) Fossil Group
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Zodiac Watches

Switzerland
website
Zodiac Watches is a brand of watches.

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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 1 of 3
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 1 of 3
Country (Switzerland) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING 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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