Day: 11 November 2026

Fossil Group has reported a significant turnaround in Q3 2026, posting a net profit of $11.7 million compared to a $39.9 million loss a year earlier. The company attributed this revival to a 2% increase in sales, bolstered by a 6.4% rise in analogue watch sales and a 13.6% boost in its Fossil brand. Under the leadership of CEO Franco Fogliato, operational efficiency has improved with an operating margin shifting from -8% to +9.3%. The Asia-Pacific region led the recovery, with a staggering 15.1% growth, as Fossil shifts focus towards traditional watches and strategic collaborations to reclaim its market presence.

Diatom has unveiled “Inner Worlds,” a remarkable collection of five limited-edition watches inspired by the inner Solar System. Each watch reflects the distinct characteristics of Mercury, Venus, Earth, the Moon, and Mars, featuring intricate enamel designs and materials sourced from iconic space missions. Notably, these timepieces have ascended beyond 120,000 feet during testing, capturing breathtaking views of our planet’s curvature. This innovative collection blends traditional craftsmanship with elements of extraterrestrial exploration, marking Diatom’s most ambitious endeavor yet.

Subdial, the British luxury watch retailer, has successfully raised $20 million in funding to support its ambitious expansion into the U.S. market, set for a 2027 launch. With co-founder Christy Davis at the helm of the new American operations, the company aims to replicate its successful UK community-oriented model, which has seen an impressive 80% sales increase over the past year. Subdial plans to establish a significant presence in New York, complemented by a new facility and a dedicated inventory of premium watches. The investment reflects strong confidence in Subdial’s capacity for growth, fueled by a loyal customer base with over 40% of sales coming from repeat clients.