Karl Lagerfeld has signed a deal with Fossil Inc. to create a line of men’s and women’s watches to be sold under the Karl Lagerfeld label.
This story first appeared in the October 27, 2011 issue of WWD. Subscribe Today.
The move comes days after Chanel’s artistic director revealed details of the launch of a masstige apparel collection called Karl, which will make its debut on Net-a-porter and on karllagerfeld.com early next year. He also will introduce a signature line called Karl Lagerfeld Paris, with first deliveries for fall 2013.
Lagerfeld’s Fossil collaboration is scheduled to launch in spring 2013, according to the Richardson, Tex.-based maker of fashion watches and accessories.
“It is essential for us to work with the best license partners in each segment — that is why we are happy to partner up with Fossil,” Pier Paolo Righi, president of Karl Lagerfeld, stated.
Righi had indicated to WWD earlier this week that a string of licensing deals was in the works. In addition to watches, he pointed to innerwear.