Fossil Group renews Diesel watch and jewellery licence until 2032

Fossil Group has signed a five-year renewal of its global licensing agreement with Diesel, extending the partnership until 2032, according to FashionUnited. The agreement covers the international design, production and distribution of Diesel watches and jewellery, with Fossil continuing to develop, manufacture and market both lines.

Fossil Group chief executive officer Franco Fogliato described Diesel as a key asset in the group's licensing operations. He said the brand's identity, together with Fossil's global sourcing, design and distribution network, would support further development of the segment.

Diesel founder Renzo Rosso said the collaboration had lasted over 25 years and that the renewal reinforced its focus on product experimentation and international positioning. Diesel is owned by OTB group. The agreement keeps the licence within Texas-based Fossil's lifestyle accessories portfolio, alongside its own brands and other premium and fashion licences.

Why it matters

For Diesel's wholesale and retail partners, the extension maintains manufacturing continuity and international distribution for its licensed watch and jewellery categories. For Fossil, retaining Diesel reinforces the role of licensing in its accessories business.