Fossil Acquires Fitness Wearable Company Misfit For A Cool $260 Million In A Quest For Fashion-Forward Tech
RICHARDSON, Texas, Nov. 12, 2015 (GLOBE NEWSWIRE) — Fossil Group, Inc. (NASDAQ:FOSL) today announced that it has entered into a definitive agreement to acquire Misfit, Inc., an innovator in wearable technology and stylish connected devices. The acquisition will enable Fossil Group to expand its addressable market, offering consumers both traditional timepieces and fashionable connected accessories. […]
