Competition from Apple and Samsung in the smartwatch segment, collapsing sales, customs tariffs… Cornered with a debt of US$179 million, Fossil has filed several bankruptcy petitions in the U.S.A. and the U.K. to help restructuring. The court verdict is expected on November 10, 2025
In difficulty, the accessories and watch retailer Fossil (2024 turnover: US$1.1 billion down by 18.9% year on year) filed for bankruptcy in the U.S.A. on October 20, 2025 under Chapter 15. This follows an initial petition before the British legislator, made possible by the creation of a subsidiary based in Milton Keynes in August 2025 to facilitate a debt restructuring. British law allows shareholders’ equity to be preserved even in the event of insolvency. For Fossil, the goal is to...
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Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.