Fossil, Inc. has entered into a license agreement with Marc Jacobs International to develop and distribute women's and men's timepieces under the Marc Jacobs and Marc by Marc Jacobs labels.

Marc Jacobs watches will debut in the fall of 2005, while the Marc by Marc Jacobs line will debut in 2006.

The Marc Jacobs watch collection will be produced in Switzerland, to be sold at Marc Jacobs boutiques and select department stores domestically and internationally. In keeping with the Marc Jacobs sensibility, the watches will combine classic elements and luxurious materials. The Marc by Marc Jacobs collection will be more lighthearted in design and will offer a wide selection of styles on a global basis.

“Marc and I are quite excited to be working with Fossil based on their solid reputation and successful history in the watch business,” says Marc Jacobs President Robert Duffy. “After meeting with the Fossil team, we are looking forward to a successful partnership.”

Adds Steve Bock, president of the Luxury Division at Fossil, “We are delighted to be working with Marc and Robert and look forward to building a solid business together. Marc Jacobs is a great success story and expanding that success with Fossil into watches is a very exciting endeavor.”


Source : National Jeweler Daily News
www.nationaljeweler.com

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