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er to Mike, let us share with you our thoughts on the acquisition of Skagen and what we think this means for the company. We signed this deal back in January and expect it to close around the end of March. Skagen is a fast growing and profitable watch brand that has a global footprint and is successful in North America, Europe and Asia and also operates 13 retail locations around the world.The company
cheap Michael Kors Jet Set Mirror Metallic Large Bronze Totes has demonstrated cheap Michael Kors Jet Set Monogram Signature Medium Black Cherry Totes a strong track record of growth with 2011 sales of about $120 million and operating margins similar to
cheap Michael Kors Logo Signature Jacquard Large Navy Totes ours.Skagen is a design driven brand with a unique point of view, based on Danish design. It is contemporary in look and different than any other products that
cheap Michael Kors Jet Set Logo Large Black Totes we currently make. Our objective is to turbo charge this Skagen watch business while supporting it and expanding its distribution. And just like the Fossil brand's mission is to curate and communicate cheap Michael Kors Saffiano Leather Small Black Totes American vintage inspired merchandise, our long term plan with Skagen is to curate and communicate its unique Danish design heritage and to tell its story more broadly as an accessories based lifestyle brand and an untold number of other benefits.They have great people in management, that will now be joined with ours to manage the company together. We would also gain some needed additional sourcing as their fac
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