Textiles & Apparel M&A » By The Online Investor Staff, updated Thu., May. 13, 6:27 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 principal offerings include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts and sunglasses. Co.'s products are distributed through various distribution channels, including wholesale in countries where Co. has a physical presence, direct to the consumer through Co.'s retail stores and commercial websites and through third-party distributors in countries where Co. does not maintain a physical presence. 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 |
