After losing the profitable Gucci licence in 2017, the Italian eyewear group has announced the end of the long-standing deal with Dior, whose licence will go to Thélios, the company set up by LVMH and Marcolin.
Fossil Group said on Wednesday that its first-quarter results surpassed expectations for the three months ended March 31, as the U.S. company narrowed earnings losses, despite seeing a dip in total sales on last year.
Fossil Group said on Thursday it would sell its intellectual property related to a smartwatch technology currently under development to Google for $40 million, sending the watchmaker’s shares up as much as 11 percent.
Fitbit Inc on Wednesday outpaced Wall Street estimates for quarterly results as its strategy of adding smartwatches to its product line got a boost in the second quarter with higher sales for ‘mass-appeal’ Versa.
Online watch and jewellery store WatchShop.com will offer customers a new flexible payments option that will allow customers to spread the cost of their purchases over three equal, interest-free monthly payments.