Fossil Group said Tuesday it is planning to launch wearables for eight brands in 40 countries in 2016. the Swiss watch maker said the brands are Chaps, Diesel, Emporio Armani, Fossil, Kate Spade New York , Michael Kors , Misfit and Skagen, and the products will include display and non-display watches and trackers. “Fossil Group will support the wearables with unique and branded apps across all brands, three product categories, and two operating systems,” the company said in a statement. Shares were not yet active in premarket trade, but are down 38% in the last 12 months, while the S&P 500 has lost 1.6%.
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