Guess Watches
Los Angeles–based Guess? Inc. and timepiece marketer Fossil Inc. are working on a deal to market Guess watches beginning in January 2007. Fossil plans to form a separate company for the Guess business and utilize Fossil’s worldwide network to expand the distribution of Guess and Guess Collection watches globally. Current worldwide wholesale sales of Guess and Guess Collection watches are approximately $150 million. The parties plan to base minimum royalties on wholesale sales of $1.36 billion for the initial 10-year term.
