Case filing & court posture: Fossil (UK) Global Services Ltd, a subsidiary of Fossil Group, Inc. (NASDAQ: FOSL), filed a chapter 15 petition on October 20, 2025 in the Southern District of Texas, Houston Division (Case No. 25-90525). Dkt. 1 Judge Christopher M. Lopez presides.

Foreign proceeding & restructuring plan: The chapter 15 case supported a UK Part 26A restructuring plan addressing $150 million in 7.00% senior unsecured notes due November 2026. Dkt. 8 At the plan meeting on November 6, 2025, 99.99% of creditors by value voted in favor. Dkt. 29 The English Court sanctioned the restructuring plan on November 10, 2025. Dkt. 30

Recognition & exchange terms: The U.S. court granted recognition of the UK proceeding as a foreign main proceeding on November 12, 2025. Dkt. 39 The restructuring exchanged the old notes for new first lien 9.5% First-Out Notes (maturing January 2029) and second lien 7.5% Second-Out Notes (maturing June 2029), with $32.5 million in new money financing backstopped by HG Vora and Nantahala. Dkt. 8

Consummation: Fossil Group consummated the notes restructuring on November 13, 2025, cancelling all $150 million in old notes. Dkt. 45

Current status: The chapter 15 case was closed by order on January 5, 2026. Dkt. 47