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Add-on Acquisition • Consumer Products

Fossil Group Acquires Skagen Denmark

On January 10, 2012, Fossil Group acquired consumer products company Skagen Denmark for 237M USD

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

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M&A Deal Summary
Date January 10, 2012
Target Skagen Denmark
Sector Consumer Products
Buyer(s) Fossil Group
Deal Type Add-on Acquisition
Deal Value 237M USD

Target Company

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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Buyer Overview 1

Buyer

Fossil Group

Richardson, Texas, United States
Category Company
Founded 1984
Sector Consumer Products
Employees5,200
Revenue 1.1B USD (2024)
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 Context for Buyer #
Overall 2 of 3
Sector: Consumer Products 2 of 2
Type: Add-on Acquisition 2 of 3
State: Nevada 1 of 1
Country: United States 1 of 2
Year: 2012 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 Zodiac Watches

Switzerland

Zodiac Watches is a brand of watches.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-12 Misfit

Burlingame, California, United States

Misfit, Inc. invent and manufacture wearable and smart home products.

Buy $260M

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