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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