Fossil to overhaul business, shutter some stores

The watch and fashion accessories brand Fossil Group is planning to reorganize its business.



The company, which operates 610 stores across the globe (including 284 U.S. locations) will close some stores, although it did not say how many, the Dallas News reported, as part of a multi-year business overhaul that also includes a focus on fewer products.



In addition to its own stores, Fossil has a large wholesale business, selling its own and such licensed branded as Kate Spade, Tory Burch and Michael Kors watches, according to the report.



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