Their global licensing agreement for watches and jewelry is through 2024.
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Talk about a drastic and intense ‘downsizing’…I mean ‘restructure’
Max 1 year extension - as Franco doesn’t like having licenses is the rumour, so give it a few years, will only be fossil and Skagen that exists under the group. The business cost base needs to be reduced 50% just to have a decent profit margin now, let alone in future! Scary times if you go just by the numbers!