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Fossil Group Enters Agreement to Sell Select Smartwatch Technology To Google

RICHARDSON, Texas, Jan. 17 (Korea Bizwire) — Today, Fossil Group (NASDAQ:FOSL) announced its plan to sell to Google for $40 million intellectual property (IP) related to a smartwatch technology currently under development by Fossil Group. As part of the transaction, a portion of Fossil Group’s research and development (R&D) team currently supporting the transferring IP [...]

Fossil Group, Inc. to Acquire Wearable Technology Innovator Misfit

RICHARDSON, Texas, Nov. 13 (Korea Bizwire) — Fossil Group, Inc. (NASDAQ:FOSL) today announced that it has entered into a definitive agreement to acquire Misfit, Inc., an innovator in wearable technology and stylish connected devices. The acquisition will enable Fossil Group to expand its addressable market, offering consumers both traditional timepieces and fashionable connected accessories. Misfit [...]