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Fossil Group

All articles tagged with #fossil group

technology1 year ago

"Fossil Bows Out of Smartwatch Market Amid Growing Competition"

Fossil Group has announced its decision to exit the smartwatch business, with its Gen 6 being the last generation of Wear OS watches. The company will continue to support existing smartwatches for the next few years while redirecting resources to traditional watches, jewelry, and leather goods. Fossil's departure comes as Wear OS has seen improvements with Google and Samsung's collaboration, leaving a gap in the market for its fashion-centric smartwatch designs.

business2 years ago

"Exploring CEO Compensation: From Pay Gaps to Tech Packages"

The CEO-to-worker pay gaps among public companies in Dallas-Fort Worth range from 3,079 to 1 to 0 to 1. Fossil Group CEO Kosta Kartsotis has the smallest wage gap as he refuses all forms of compensation, resulting in his pay being less than his employees. On the other hand, CSW Industrials has the largest pay gap of 3,079 to 1, with CEO Joseph Armes receiving substantial stock awards while the majority of the company's employees are located in Vietnam. Other companies with large pay gaps include Yum China, FirstCash, and consumer-oriented brands like Dave & Busters, Six Flags, and Cinemark, which heavily rely on part-time or minimum-wage workers.

astronomy2 years ago

Solitary Galaxy Baffles Astronomers

Astronomers have discovered a distant and unusually lonely galaxy, 3C 297, which appears to have assimilated its former companion galaxies, challenging current understanding of galaxy and galaxy cluster formation. The galaxy may be the most distant "fossil group" ever discovered, where one galaxy has absorbed its former companions. The discovery was made using NASA's Chandra X-ray Observatory and the International Gemini Observatory. The galaxy contains a quasar, a supermassive black hole pulling in gas at the center of the galaxy and driving powerful jets of matter seen in radio waves.

astronomy2 years ago

Lonely Galaxy Found 9.2 Billion Light-Years Away by Astronomers

Astronomers have discovered a lonely galaxy called 3C 297, located 9.2 billion light-years from Earth, which has unique characteristics typically found in galaxy clusters. The galaxy may be a “fossil group,” absorbing former companion galaxies, making it the most distant fossil group ever discovered. Data from NASA’s Chandra X-ray Observatory and the International Gemini Observatory were used for this discovery, which may push the limits for how quickly galaxies are expected to grow in the early Universe.