this news scarry me a lot, I do not think this is a good signal (if you think Luxottica for Armani eyewear renewed it for 10 year).
This is the last chance to prove Armani success otherwise I guess Armani leaves Fossil. if this happens it will be the end.
There was a meeting in Milan between Armani & Fossil 1 week ago: Armani says "Fossil has no idea on how to recover business in Emea". Watches is the only Armani category struggling with the turnover.
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https://finance.yahoo.com/news/fossil-group-inc-reports-first-201500638.html
"During the first quarter, the company extended its licensing agreements with Diesel S.p.A through 2027 for watches and jewelry. Subsequent to the end of the first quarter, the Company extended its global licensing agreement with Giorgio Armani S.p.A. through 2026"
Maybe Armani thinks a company that downsizes its European distribution center is not a winning partner.
What about Kors, why no announcement on that one yet? If that goes we really are in deep trouble.
I guess you must have been in that meeting big sho-ter