#watchesclocks

Franco seems to think Nick Jonas is going to save us! To move fashion watches again we need three things: Fossil must lead in innovation, clearly prove value (quality + price), and consistently deliver. Right now it’s a train-wreck with poor leadership, no positioning, and zero value.

The consultants (notably Laks) obviously lack watch/jewelry and supply-chain experience and have replaced a once rock-solid unique supplier base with inferior vendors, creating an operational disaster. Bottom line is that without a rapid and decisive reset, we’re sinking!

News travels fast, as it should...

https://www.hodinkee.com/articles/fossil-is-restructuring-as-debt-and-tariffs-take-toll

Have you ever looked at the wrist of our humble CEO. In one picture outside the Discovery District he is wearing a Rolex Daytona, which costs nearly $30K, has a 6 year waiting list, and requires you to have already bought several pieces from your jeweler.

In another picture in the Dallas HQ he is wearing a gold Rolex DayDate, which costs 44K.

Given this, he easily has 6 - 8 Rolex timepieces. I have no issue with leaders wearing expensive watches, but these Rolexes feel a bit tasteful given the ego our leader has demonstrated and how he treats his employees. I think a Cartier, Jaeger, or just about any watch would have been more humble and appropriate. But, the Rolexes scream “I have money and control, and you don’t” when he wears them.

Guys, if you ever think our leader is relatable or in-sync with the common employee - just know that he goes out of his way to distance himself from the rest of us. Only the best that money can buy for himself. Nothing but the worst for his subordinates.