Fossil Group Inc
For the period ended Dec 30, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
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Item 2. Properties
Company Facilities
As of the end of fiscal year 2023, we owned or leased the following material facilities in connection with our U.S. and international operations:
| Location | Use | ApproximateSquareFootage | Owned / Leased |
|---|---|---|---|
| Eggstätt, Germany | Office, warehouse and distribution | 383,000 | Owned |
| Richardson, Texas | Corporate headquarters | 383,000 | Lease expiring in 2036 |
| Dallas, Texas | Office, warehouse and distribution | 518,000 | Lease expiring in 2026 |
| Hong Kong | Warehouse and distribution | 171,000 | Lease expiring in 2027 |
| Basel, Switzerland | Europe headquarters | 115,000 | Lease expiring in 2036 |
| Bangalore, India | Office | 58,000 | Lease expiring in 2025 |
| Nalagarh, India | Factory | 40,000 | Lease expiring in 2025 |
| Hong Kong | Asia headquarters | 40,000 | Lease expiring in 2026 |
Retail Store Facilities
As of the end of fiscal year 2023, we had 299 lease agreements for retail space for the sale of our products. The leases, including renewal options, expire at various times through 2036. The leases provide for minimum annual rentals and, in certain cases, for the payment of additional rent when sales exceed specified net sales amounts. We are also generally required to pay our pro rata share of common area maintenance costs, real estate taxes, insurance, maintenance expenses and utilities.
We believe that our material existing facilities are well maintained, in good operating condition, and are adequate for our needs.
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