Michele, My Belle

Fossil Inc. (Richardson, Texas) has entered into an agreement to purchase Michele Watches (Miami) for approximately $50 million in cash.

Michele manufactures, markets and distributes watches under the MW and MW Michele brand labels.

“Michele Watches is thrilled to join Fossil in what we know will prove to be a rewarding long term partnership,” said president Jack Barouh. “Michele Watches and Fossil share a similar dedication and passion for the industry in which our reputations have been built. We look forward to growing our business in collaboration with the tremendous resources and rich experience Fossil brings to the table.”