Fossil Group Inc. announced that the United States Bankruptcy Court for the Southern District of Texas has granted a Chapter 15 recognition order in connection with the company's restructuring of its 7.00% Senior Notes due 2026. This order gives effect in the U.S. to a restructuring plan approved by the High Court of Justice of England and Wales. The company expects to distribute securities related to the cancellation of the notes under the plan in the coming days.
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