Fossil is not considered a luxury watch brand. Instead, it is known for offering stylish and affordable fashion watches. Fossil watches typically feature quartz movements and are made from materials like stainless steel and leather.

Fossil has design studios in Biel, Switzerland, close to Rolex as well as manufacturing facilities in China and distribution centers in Dallas, Germany, and Asia.

Fossil Group has decided to call it quits on smartwatches. The company announced this afternoon that it would leave the smartwatch business and redirect resources to its less-smart goods instead.