News

Fossil buys Skagen Designs

03/04/2012

US leathergoods brand Fossil has announced that it has completed, effective April 2, 2012, the acquisition of US-based design company Skagen Designs and some of its international affiliates for $231.7 million in cash. The sum includes a working capital adjustment of approximately $6.7 million, and 150,000 shares of Fossil common stock. In...

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