Fossil Shares Plunge 40% on Extension of Deadline for Debt Exchange Offer

Reuters

Oct 16, 2025

Oct 16 (Reuters) - Shares of U.S. watchmaker Fossil tumbled 40% in premarket trading on Thursday, after the company, which has been restructuring its debt, announced plans to extend the deadline to exchange its senior notes due 2026.

The company has extended the deadline by a week to October 22. It had pushed the deadline once before. Fossil first announced plans related to restructuring its 7% senior notes due 2026 in September.

Shares in the firm have more than doubled in value this year, helped by narrowing losses amid its turnaround plan.

The company, known for its fashionable watches and leather goods, said it was has no plans to float an Indian unit, in response to media reports of a possible IPO.

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{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. 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