RICHARDSON, Texas,
Nov. 13, 2015 (Bernama-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. Misfit brings to Fossil Group a scalable cloud and app
platform, a world-class software and hardware engineering team, a native
wearable technology brand and a pipeline of innovative products.
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