Struggling watchmaker Fossil Group has bought itself more time -- but at a hefty price. The company said Wednesday it was able to refinance $497 million in debt -- but at interest rates well above existing levels. The added financial burden drove down shares of the Richardson, Texas, company 13.3 percent, to $7.96, on Wednesday....
Struggling watchmaker Fossil Group has bought itself more time -- but at a hefty price. The company said Wednesday it was able to refinance $497 million in debt -- but at interest rates well above existing levels. The added financial burden drove down shares of the Richardson, Texas, company 13.3 percent, to $7.96, on Wednesday....
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