Fossil Group is said to have signed a five-year renewal of its global licensing agreement with Diesel, according to FashionUnited UK, covering the international design, production and distribution of the brand's watch and jewellery lines. Diesel has been part of Fossil Group's portfolio for more than two decades.
Under the renewed agreement, Fossil Group would continue to develop, manufacture, market and distribute Diesel watches and jewellery worldwide through 2032. For Diesel, this extension would ensure manufacturing stability and continued penetration in international wholesale and retail markets for its licensed product categories.
Renzo Rosso, founder of the brand owned by OTB, commented on the partnership: « For over 25 years, we have collaborated with Fossil Group to develop watches and jewellery with a distinct aesthetic identity. The renewal of the partnership consolidates a path of product experimentation and positioning in the international market. »
Fossil Group, based in Texas and listed in the United States, would thus retain a key license in its lifestyle accessories portfolio, alongside its own brands and other premium and fashion licenses.
