RICHARDSON, Texas, April 18, 2011 (GLOBE NEWSWIRE) -- Fossil, Inc. (Nasdaq :FOSL) announced today that Luis Samaniego has joined the company as Senior Vice President of Luxury Brand Management. Luis most recently served as Vice President, Global Merchandise Manager – Luxury at DFS Group where he was responsible for the global merchandising of watches, fine jewelry, fashion jewelry and accessories.
"We are very excited to have Luis join Fossil," remarked Kosta Kartsotis, CEO. "He has significant experience in the merchandising of watches, jewelry and accessories, especially in Asia with an emphasis on luxury brands. This is a great addition to our global team."
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Fossil is a global design, marketing and distribution company that specializes in consumer fashion accessories. The Company's principal offerings include an extensive line of men's and women's fashion watches and jewelry sold under proprietary and licensed brands, handbags, small leather goods, belts, sunglasses, cold weather products, footwear, and apparel. In the watch and jewelry product category, the Company's offerings include a diverse portfolio of globally recognized proprietary and licensed brand names under which its products are marketed. The Company's extensive range of accessories products, brands, distribution channels and price points allows it to target style-conscious consumers across a wide age spectrum on a global basis. The Company's products are sold to department stores, specialty retail stores, and specialty watch and jewelry stores in the U.S. and in over 100 countries worldwide through 23 company-owned foreign sales subsidiaries and a network of over 60 independent distributors. The Company also distributes its products in over 350 company owned and operated retail stores and through international e-commerce websites and the Company's U.S. e-commerce website at , where certain product, press release and SEC filing information concerning the Company is also available.
CONTACT: Mike Kovar Chief Financial Officer Fossil, Inc. (972) 699-6811 Investor Relations: Allison Malkin Integrated Corporate Relations (203) 682-8200