Newswire

Half-year net sales (ended July 7) of watchmaker Fossil Inc. rose 16.8 percent to $611.3 million. Net income totaled $39.7 million (versus $21 million in 2006). Gross profit rose 17.9 percent, year over year, to $306.6 million. The Richardson, Texas, company believes innovations (introduced in 2006’s second half and early 2007) in its watch and jewelry lines are fueling domestic and international sales growth. Upscale Swiss watchmaker Bucherer Watches S.A. on July 1 acquired Techniques Horlogères Appliquées, gaining two more Swiss sites—in Longeau (assembly) and Sainte-Croix (development, technical research, and production of movements). Luxury Swiss watchmaker Ebel has a five-year agreement with British soccer club Arsenal to provide time displays in Arsenal’s stadium and improve the club’s timing equipment. The contract was announce
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