Fossil expects China to underpin revenue

Accessory maker and retailer Fossil posted strong revenue growth on its success with marketing “affordable luxury” and signed a deal with fashion brand Tory Burch that could replicate its success selling Michael Kors watches.

The company also said it expects Asia, especially China, to account for a third of its revenue as its moderately priced luxury products gain traction.

via Business feed http://www.scmp.com/business/companies/article/1149298/fossil-expects-china-underpin-revenue