GlobeNewswire Inc | Dec 15, 2020 08:51AM EST

December 15, 2020

RICHARDSON, Texas, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Fossil Group, Inc. (NASDAQ: FOSL) today issued the following statement regarding its continued partnership with the Armani Group. The two companies established a partnership in 1997, and under the current license agreements, Fossil Group designs and distributes products under the Emporio Armani, Armani Exchange, and Emporio Armani Swiss brands.

We are proud of our long-standing relationship with the Armani Group and our ability to drive innovation and strong growth for Emporio Armani, Emporio Armani Swiss, and Armani Exchange. We want to congratulate Giorgio Armani on the announcement of their collaboration with Parmigiani Fleurier under the Giorgio Armani brand, said Fossil Group CEO Kosta Kartsotis. The Giorgio Armani brand entering the exclusive luxury watch market will help to build brand equity, excitement, and energy for the entire watch industry.

Armani Group has had a strong partnership with Fossil Group for more than twenty years, said Giuseppe Marsocci, Deputy Managing Director of Armani. Their ability to design products that reflect the spirit and style of Armani gives us great confidence in the future growth of our relationship.

About Fossil Group, Inc. We are a global design, marketing, distribution and innovation company specializing in lifestyle accessories. Under a diverse portfolio of owned and licensed brands, our offerings include fashion watches, jewelry, handbags, small leather goods and wearables. We are committed to delivering the best in design and innovation across our owned brands, Fossil, Michele, Misfit, Relic, Skagen and Zodiac, and licensed brands, Armani Exchange, BMW, Diesel, DKNY, Emporio Armani, kate spade new york, Michael Kors, PUMA and Tory Burch. We bring each brand story to life through an extensive distribution network across numerous geographies, categories and channels. Certain press release and SEC filing information concerning us is also available at www.fossilgroup.com.

Contacts:Investor Relations:Christine GreanyThe Blueshirt Group christine@blueshirtgroup.com

Global Corporate Communications: James Webb Fossil Groupjwebb1@fossil.com