Fossil watch

Fossil Group, Inc. is an American fashion designer and manufacturer founded in 1984 by Tom Kartsotis and based in Richardson, Texas. Their brands include Fossil, Relic, Abacus, Michele Watch & Now Coach NY, Skagen Denmark, and Zodiac Watches. Fossil also makes licensed accessories for brands such as Adidas; Emporio Armani; Karl Lagerfeld; Michael Kors; Marc by Marc Jacobs; Burberry; DKNY; Diesel; and Armani Exchange.CEO Kosta Kartsotis owns approximately 12% of Fossil stock. The company name represents the nickname the brothers had for their father.Company historyFossil was founded in 1984 as Overseas Products International by Tom Kartsotis, a former Texas A&M University student living in Dallas from a suggestion by his older brother, Kosta Kartsotis, a merchandising executive at Sanger-Harris. Kosta told his younger brother about the potential large profits that could be made in importing retail goods made in the Far East, specifically in importing moderately-priced fashion watches. Their main product was fashion watches with a retro look. In 1990, they introduced leather goods under the Fossil brand, and the Relic line of watches.