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TheStreet Open House

Michael Kors Signs Jewelry License With Fossil

Price points for pieces within the collection will range from $100 to $500. The jewelry will be available in select Michael Kors retail stores worldwide and sold through limited domestic and European wholesale partners beginning in Fall 2011.

Michael Kors is recognized as one of America's pre-eminent designers for luxury sportswear. His namesake company, established in 1981, currently produces a range of products through his Michael Kors Collection, KORS Michael Kors, and MICHAEL Michael Kors labels, including men's and women's ready to wear, accessories, and a full line of fragrance and beauty products for both men and women. Michael Kors Collection Flagship stores are located in New York NY, Beverly Hills CA, Manhasset NY, Chicago IL, Palm Beach FL, Milan, IT, Paris, FR and London, UK. 

Fossil Inc. is known for its Fossil branded business and for its multi-brand watch and jewelry business. The Fossil brand consists of watches and accessories as well as clothing and is distributed globally through retail partners and through its 364 Fossil stores. The multi-brand watch and jewelry business consists of a portfolio of owned and licensed brands including Michael Kors.

The Fossil, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3296

CONTACT: Mike Kovar
         Chief Financial Officer
         Fossil, Inc.
         (972) 699-6811
         
         Mary Fontamillas
         Vice President, Public Relations
         MICHAEL KORS
         (212) 201-8191

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