Watch brand Fossil has revealed plans to buy wearable tech maker Misfit Inc. for a sum of $260 million USD. Known for making watches both refined and rugged, Fossil’s acquisition will give it a firm platform on which to expand into the smartwatch market, following last month’s debut of its Fossil Q connected accessories line. This comes after a disappointing third fiscal quarter ending October 3, where net income fell 44.6 percent from $103.7 million USD to $57.5 million USD, and net sales decreased 13.8 percent from $894.5 million USD to $771.3 million USD. “With the acquisition of Misfit, Fossil Group will be uniquely positioned to lead the convergence of style and technology to become a fashion gateway to the high-growth wearable technology and connected device markets,” CEO Kosta Kartsotis remarked. Only time will tell whether this acquisition pays off for Fossil.
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Dior Homme Derby Shoe
Dior Homme have released this impressive line of derby shoes as part of their spring/summer 2014 collection. The design is defined by a traditional silhouette combined with more conceptual detailing, with the cut-away section under the heel on the outsole bridged by a metal grate a notable touch in addition to the accents on the toe and lace tips go along way to making the shoes stand out. Completing the design is a matte leather and a unique finish to the lacing system making this a must have.
