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Luminox Advt
WMR - November 2018

Talk of the town

Fossil Group and CITIZEN

A new partnership

Here are some specifics of the agreement: CITIZEN will manufacture hybrid smartwatch movements incorporating Fossil Group’s technology. CITIZEN will sell hybrid smartwatch movements and complete watches to the broader watch industry. CITIZEN and Fossil Group will collaborate in bringing future innovation to the smartwatch category.

“Given the size and growth of the smartwatch market, CITIZEN is going seriously into the smartwatch market,” said Mr. Tokura, President and Chief Executive Officer of CITIZEN. “It is with strong determination that we trigger
this partnership and enter this category. We, CITIZEN and Fossil Group, will maximize our combined strengths to become leading companies in the smartwatch category."

The complete article is in Watch Market Review - November 2018 edition on page no. 24.