Trade Fossil Group
Fossil Group, Inc. is an American fashion designer and manufacturer founded in 1984 by Tom Cartsots based in Richardson, Texas. Its brands include Phosphorus, Leftover, Michelle Watch, Skagen Denmark, Misfit, WSI, and Zodiac watches. Fossil also makes licensed accessories for brands such as BMW, Puma, Emporio Armani, Michael Kors, DKNY, Diesel, KitSpeed New York, Tori Porsche, Chaps, Armani Exchange.Kosta Kartsotis, brother of Tom Kartsotis and CEO, owns approximately 12.5% of fossil shares. The company's name is the alias given by the brothers to their father. Fossil was founded in 1984 as an international overseas product by Tom Kartsotis, a former Texas A&M university student living in Dallas from the suggestion of his older brother, Costa Cartsotis, an executive at Sanger Harris. Costa told his younger brother about the potentially large profits that could be made in importing retail goods made in the Far East, specifically in importing affordable fashion watches. He was the main producer of fashion watches with a retro look. In 1990, they introduced leather goods under the fossil brand, the watch residue line.