India to consider Fossil's request to open retail outlets, WSJ reports In India, the Foreign Investment Promotion Board will likely consider a proposal by Fossil (FOSL) to open its stores in India, reports the Wall Street Journal. Fossil India Pvt. Ltd. applied to the Indian government for permission to invest $3.70M for opening wholly owned retail outlets in the country. A meeting is expected next week.Reference Link
Fossil initiated with a Neutral at Goldman Goldman Sachs started shares of Fossil with a Neutral rating citing slowing business momentum and new competition from smart watches. The firm has a 6-month price target of $113.