Posted inINTERNATIONALNEWSOthers

Fossil shares lose quarter of value

Fossil Inc. shares lost a quarter of their value in pre-market trading yesterday as the brand released a set of Q1 results that fell below expectations. Investors were said to also have been disappointed by the watch wholesaler’s profit forecasts for the months to come. Fossil racked up net sales of US$589.5 million (£384.8m) in […]

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