Michael Kors Signs Jewelry License With Fossil
March 16 2011 - 8:00AM
Fossil, Inc. (Nasdaq:FOSL) ("Fossil") and Michael Kors, Inc. are
pleased to further their existing relationship to debut the Michael
Kors Fall 2011 jewelry collection, offering women's earrings,
necklaces, bracelets and rings.
Michael Kors first partnered with Fossil in Fall 2004 to launch
the highly coveted Michael Kors watch line. With the support of
Fossil's established global watch business, the jewelry collection
will draw upon the iconic details that represent the Michael Kors
jet set lifestyle. Through the use of chain detail, mixed materials
and iconic hardware, the collection will carry out Michael Kors'
vision to deliver to the modern woman "the perfect jewelry box."
The pieces will offer clients a new product category but will also
maintain the metal finishes and leather detailing that coincide
with the brand's current accessories lines.
Michael Kors has long seen accessories as the accents that
distinguish a woman's style, and he is excited to offer a new way
for women to complete their wardrobes. "I've always thought of
accessories as the exclamation point of a woman's outfit. Now, with
my jewelry collection, I can deliver the full spectrum of the
Michael Kors vision for a truly fabulous look," Michael Kors
noted.
"We believe there is a strong demand for luxury fashion jewelry.
This category represents a natural extension of the Michael Kors
brand as an essential component in completing the jet-set
lifestyle. We are thrilled to be continuing our partnership
with Fossil. Given our successes with our watch business, we
see the jewelry category having great global potential for our
business," stated John D. Idol, Chief Executive Officer.
Kosta Kartsotis, Chief Executive Officer of Fossil commented,
"We are very pleased to expand our partnership with Michael Kors by
adding the jewelry collection to our rapidly growing Michael Kors
watch business."
Price points for pieces within the collection will range from
$100 to $500. The jewelry will be available in select Michael Kors
retail stores worldwide and sold through limited domestic and
European wholesale partners beginning in Fall 2011.
Michael Kors is recognized as one of America's pre-eminent
designers for luxury sportswear. His namesake company,
established in 1981, currently produces a range of products through
his Michael Kors Collection, KORS Michael Kors, and MICHAEL Michael
Kors labels, including men's and women's ready to wear,
accessories, and a full line of fragrance and beauty products for
both men and women. Michael Kors Collection Flagship stores are
located in New York NY, Beverly Hills CA, Manhasset NY, Chicago IL,
Palm Beach FL, Milan, IT, Paris, FR and London, UK.
Fossil Inc. is known for its Fossil branded business and for its
multi-brand watch and jewelry business. The Fossil brand consists
of watches and accessories as well as clothing and is distributed
globally through retail partners and through its 364 Fossil
stores. The multi-brand watch and jewelry business consists of
a portfolio of owned and licensed brands including Michael
Kors.
The Fossil, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3296
CONTACT: Mike Kovar
Chief Financial Officer
Fossil, Inc.
(972) 699-6811
Mary Fontamillas
Vice President, Public Relations
MICHAEL KORS
(212) 201-8191
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