Fossil Group receives US Chapter 15 recognition for UK restructuring plan of 7% Senior Notes due 2026

Fossil Group, Inc.

US Bankruptcy Court granted Chapter 15 recognition order on Nov 12, 2025, for the UK restructuring plan under Part 26A of the UK Companies Act 2006.
UK High Court approved the Restructuring Plan on Nov 10, 2025, involving cancellation of Fossil's 7.00% Senior Notes due 2026.
Company expects to distribute securities issuable upon cancellation of the Notes in the next few days.
Fossil's common stock has maintained bid price above $1.00 after reverse stock split, leading to request to cancel Nasdaq hearing on restructuring.

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