Textiles & Apparel M&A » By The Online Investor Staff, updated Fri., Feb. 3, 12:21 PM
Recent mergers and acquisitions in the Textiles & Apparel M&A category.
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Slide #23. Fossil, Inc. — Latin America Distribution Business From Bentrani Watches, LLC
Acquirer:
Fossil, Inc. (NASDAQ:FOSL)
Acquiree:
Latin America Distribution Business From Bentrani Watches, LLC
Details:
Fossil, Inc. announced today that it has acquired the distribution business for Latin America from its largest third-party distributor, Bentrani Watches, LLC ("Bentrani"). Bentrani, based in Miami, Florida, has been a distributor for the Company for ten years and distributes certain of the Company's proprietary and licensed brand products in sixteen Latin American countries, including Chile, Argentina, Panama, Colombia, Venezuela and Uruguay.
Fossil Group is a design, marketing and distribution company that focuses on consumer fashion accessories. Co.'s products include conventional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. Co.'s products include conventional watches, smartwatches, jewelry, handbags, small leather goods, belts and sunglasses. Co. designs, develops, markets and distributes products under its owned brands FOSSIL, SKAGEN, MICHELE, RELIC and ZODIAC and licensed brands ARMANI EXCHANGE, DIESEL, DKNY, EMPORIO ARMANI, KATE SPADE NEW YORK, MICHAEL KORS, PUMA, and TORY BURCH. Co.'s reportable operating segments are comprised of: Americas; Europe; and Asia.
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| Avg. Broker Rec.
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Strong Sell (0.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: FOSL Stock Forecast Based on Zacks ABR data; powered by Xignite |
