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 downgraded to Neutral from Overweight at Piper Jaffray Piper Jaffray downgraded Fossil to Neutral saying the company's North American growth could slow further while foreign currency is a headwind with a third of its sales coming from Europe. Piper lowered its price target for shares to $104 from $133.