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Fossil Group establishes chief supply chain officer role

Watch specialist Fossil Group has appointed Laks Lakshmanan to the newly created role of chief supply chain officer. Lakshmanan stepped into the position on June 16, with the company only just confirming the appointment in a press release. In this role, Lakshmanan has been tasked with overseeing Fossil’s global end-to-end supply chain, from...

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Fossil Group taps New CFO to lead turnaround effort after weak Q4

American fashion design and manufacturer, Fossil Group recorded fourth quarter net sales of 342 million dollars, down 19 percent, with sales declines across all regions and all channels. Operating income was 20.1 million dollars or 5.9 percent of net sales and income per share was 39 cents. In response to these results, Fossil Group has...

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