Posted January 11, 2012 by Esslinger Staff
Fossil plans to add another noted jewelry name to its business, pending a $225 million cash payment to Skagen Designs as well as purchase of 150,000 common stock in Fossil. According to reports, Skagen can receive up to 100,000 common stock in Fossil, should Skagen Design sales reach certain points as defined by the agreement.
The deal is subject to regulatory approval in the industry. For more information as this story develops, watch JCK magazine online here.