Fossil renews Michael Kors license
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Fossil Group has today announced that it has renewed its global licensing agreement for watches and jewellery with fashion brand Michael Kors.
The agreement, which will run until 2024, marks the extension of a partnership between two companies which first began in 2004 when Fossil Group was initially licensed to develop and distribute watches under the Michael Kors label.
The partnership expanded to encompass jewellery in 2010, and the two brands are currently collaborating to grow the men’s watch business.
Kosta Kartsotis, CEO of Fossil, said: “We are very proud of our partnership with the Michael Kors brand and our role in contributing to the brand’s explosive growth over the years.
“This global licensing agreement allows us to further grow the Michael Kors brand and extensive line of watches and jewellery and explore other opportunities in the accessories category. We are pleased to extend our partnership and look forward to collaborating for years to come.”
John Idol, chairman and CEO of Michael Kors, said: “We are very pleased to continue our partnership with the Fossil Group. Accessories are central to the Michael Kors brand DNA, and we will continue to build on that positioning as we grow globally.”
