Tory Burch signs licensing deal

American brand Tory Burch has announced that it has signed a global licensing

agreement with Fossil to design, develop and distribute a range of timepieces.

The partnership will launch with a debut collection schedule for late 2014, and is being developed to expand Tory Burch’s accessories collection.

Tory Burch, CEO of the Tory Burch Company, said: “I am thrilled to partner with Fossil, a leader in the watch industry that is aligned with our vision and business strategy. Expanding into timepieces will perfectly complement our accessories collection, an integral part of our brand DNA.”

Kosta Kartsotis, Fossil CEO, added: “We are very pleased to be partnering with Tory Burch to create a distinctive watch business for this exceptional brand. This will enable us to leverage our strengths in design and worldwide distribution and enhance our position as the leader in the global watch market.”

Founded in 1984, Fossil has developed its own collection and retail chain, as well as offering watches under license for Michael Kors, Marc by Marc Jacobs, Diesel, Burberry and DKNY.