Fossil Group, Inc. is the product of an opportunistic vision to obtain possible large profits by importing retail products manufactured in the Far East for the United States of America. That suggestion was made by Kosta to his brother Tom Kartsotis in 1984. He started importing fashion watches at moderate prices with retro aspects. He gave it the name of Fossil in honor of the nickname he and his brother gave his father.
By 1990, they were designing and manufacturing leather products under the Fossil brand and their Relic watch line.
By the beginning of the 21st century, the company decided to establish a Swiss presence in the United States, which is why it buys the Zodiac Watch brand and carries out a complete restructuring of that line of watches in order to reflect a modern retro style of the 70s. a high-end watch. The acquisition in 2004 of Michele Watch completes the cycle decided to offer in the US market a high-end Swiss watch with a touch of its design.
Currently, Fossil Group Inc. has design studios in Biel, Switzerland, near the Rolex company. It also has factories in China and distribution centers in the United States, Germany, and Asia.
Fossil’s financial success is due to the design and manufacture of its own brands, which has allowed them to receive a number of offers to produce licensed watch lines. For example, in 2001 Fossil in collaboration with the designer Philippe Starck created the Starck Fossil watch collection. This collection is a fashion icon because it has ultramodern designs and a unique movement. Other lines of watches that Fossil designs manufacture and distribute are Burberry, DKNY, Emporio Armani and Armani Exchange, Columbia Sportswear, Diesel, Frank Gehry, Karl Lagerfeld, Tory Burch, Kate Spade, Michael Kors, Callaway Golf, Davis Cup, Marc Marc Jacobs, Skagen Design, Michael, and Adidas.
Their own brands are Fossil, Relic, Abacus, Michele Watch, Skagen Denmark, Misfit, WSI and Zodiac Watches.
In addition, Fossil Group Inc. manufactures allegorical collectible watches for popular Pop movies and characters, such as Superman, Wonder Woman, Ordinance, Elvis Presley, Flash, The Pirates of the Caribbean, Snoopy, Green Lantern, Pokémon, Chronicles of Narnia, The Matrix, Vehicle Brands and Star Wars.
In 2006 Fossil Group Inc. innovated in the world of watches with the manufacture of a call identification clock and established an association with the National Football League of the United States to manufacture the Official Collection of Watches for each of the teams who participate in the said league.
Fossil Group Inc. has specialized in locating clients and establishing alliances in special markets that want or seek to produce product lines in a personalized way.
They have obtained many recognitions among which stand out the location in 2013 and in 2015 among the 100 best companies that have activities within the United Kingdom. Also in 2016 Fossil won the Fashion Tech Collection of the year for its analog smart watches and connected jewelry. These special collections extend to their authorized brands Diesel, Emporio Armani, Michael Kors and Kate Spade.