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After locating the Danish-owned clock and watch manufacturer, Comtech
Watches, a supplier that could manufacture watches at a lower price through its Hong Kong factory, the Jorsts began designing their own watches, which they showed at a corporate gift fair in New York 1991. At that fair, they were
388:'s subsidiary, Skagen Designs Ltd., which has as its stated corporate aim to "bring Danish-inspired ideals to the world through design imbued with purpose, honesty and simplicity." The company designs, manufactures and sells
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Founded in 1989, the company was the brainchild of Henrik and
Charlotte Jorst, who had moved from Denmark to the US in 1986 when Henrik was appointed U.S. sales manager for Danish brewery
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449:. The couple decided to establish their own business as U.S. representative for a Danish manufacturer of corporate branded business gift watches, and for exclusive
349:, listing, as of May 1, 2015, Charlotte Jorst as co-founder and president, Henrik Jorst as co-founder, and Steen Albrechtslund as group managing director.
372:, in the United States. As of May 2015, the company is reported to have additional U.S. offices, as well as ones in Denmark and Hong Kong, and
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The following information, unless otherwise noted, is drawn from a case study description of Skagen
Denmark, by Svend Hollensen, in
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1998 — Company lists as one of the 250 fastest-growing privately owned U.S. companies, opens
European distribution office in
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2002 — Company expands into more
European countries and the Middle East, in effort extending into the following year.
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and sunglasses for both men and women. Products are sold in shops and online. The company sells its products in the
796:
783:
Svend
Hollensen, 2008, "Case Study II.2, Skagen Designs: Becoming an International Player in Designed Watches," in
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1993 — Jorsts moves from New York to Nevada for tax and personal reasons, still running company without employees.
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encouraged by several retailers to market the watches under their own brand, which they chose as Skagen
Denmark,
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agrees to purchase Skagen
Designs, Ltd. and some of its partners for 150,000 shares of Fossil common stock and
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contemporary accessories brand based on Danish design. As of spring 2015, its product lines include watches,
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Zacks Equity
Research, 2012, "Fossil to Acquire Skagen," Yahoo! Finance (online), January 11, 2012, see
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Zacks Equity
Research, 2012, "Fossil to Acquire Skagen," Yahoo! Finance (online), January 11, 2012, see
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under its parent, continuing the traditional brand name Skagen Denmark. Starting in New York, then in
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1992 — Jorsts sell watches for first time under their own brand name achieving annual sales of
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Bloomberg, 2015, "Company Overview, Textiles, Apparel and Luxury Good: Skagen Designs, Ltd.,"
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fishing village (and peninsula) of that name. The company logo symbolizes the meeting of the
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293:, and other durable personal goods, the majority of which aimed at the mid-range. Named for
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706:, accessed 1 May 2015. Business description and summary from 2012 not yet fully extracted.
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February 2010 company press release on opening of U.S. and European online retail stores.
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March 2009 company press release on Albrechtslund appointment, Asia market expansion.
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2007 — Company moves into the Asian markets, establishing an office in Hong Kong.
629:, 80 stores in that country begin selling their watches, annual sales approaches
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Annual sales volume net of all discounts and sales taxes, i.e., "turnover," see
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on April 2, 2012, Skagen Designs, Ltd. operates as a wholly owned subsidiary of
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The company began in the home of its co-founders in New York, moving first to
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Brand, initially of watches, of Skagen Designs Ltd. (a subsidiary of Fossil)
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Skagen Denmark webpage for its Richardson, Texas headquarters and webstore.
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2010 — Company opens online retail portals serving the U.S. and Europe.
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305:'s northernmost town, Skagen Designs Ltd. was purchased in 2012 by
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Wristwatches, handbags, jewelry, and other personal durable goods
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2011 — Asia-Pacific division launches online retail portals for
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1999 — Employees approaches 100, distribution begins in the
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Upper Saddle River, NJ:Pearson/Prentice Hall, pp. 192-195,
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in Japan (Tokyo, Osaka, and Nagoya) and Taiwan (Taipei).
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325:, Skagen Designs Ltd. operations are overseen from
67:. Unsourced material may be challenged and removed.
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534:introducing citations to additional sources
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277:, of Skagen Designs Ltd. (a subsidiary of
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127:Learn how and when to remove this message
756:Anon., 2015, "Wholly Owned Subsidiary,"
524:Relevant discussion may be found on the
490:'s northernmost settlement and port, in
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281:), that has grown into being a wider
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65:adding citations to reliable sources
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273:is an American brand, initially of
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894:Manufacturing companies of Denmark
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657:2005 — Annual sales increases to
517:relies largely or entirely on a
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255:Wristwatches from Skagen Denmark
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785:Essentials of Global Marketing,
360:. Its current operations under
337:Company structure and locations
52:needs additional citations for
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643:2000 — Distribution begins in
599:Essentials of Global Marketing
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408:, and the Middle East, and in
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30:For the town in Denmark, see
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744:(online), May 1, 2015, see
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384:The title brand represents
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889:Companies based in Dallas
341:As of its acquisition by
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333:, in the United States.
482:bodies of sea water at
315:wholly owned subsidiary
222:Group Managing Director
830:, accessed 1 May 2015.
818:, accessed 1 May 2015.
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763:, accessed 1 May 2015.
747:, accessed 1 May 2015.
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463:Danish pronunciation:
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220:Steen Albrechtslund (
208:Co-founder, President
530:improve this article
191:Albertslund, Denmark
61:improve this article
187:(Asia Pacific HQ),
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467:[ˈskɛˀjn̩]
453:designer watches.
364:are overseen from
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366:Richardson, Texas
327:Richardson, Texas
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615:1995 — New York
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380:Aim and products
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528:. Please help
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515:This section
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899:Fossil Group
823:
784:
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687:Fossil, Inc.
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451:Jacob Jensen
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432:and the US.
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358:Reno, Nevada
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323:Reno, Nevada
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177:Headquarters
162:
154:Company type
123:
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59:Please help
54:verification
51:
649:Netherlands
498:Development
343:Fossil Inc.
193:(Europe HQ)
159:Fossil Inc.
868:Categories
793:0273717847
711:References
556:newspapers
470:) for the
354:Lake Tahoe
319:Lake Tahoe
264:Smartwatch
244:skagen.com
215:Co-Founder
199:Key people
87:newspapers
680:Singapore
676:Hong Kong
672:Australia
526:talk page
476:Skagerrak
447:Carlsberg
430:Singapore
422:Australia
185:Hong Kong
682:markets.
647:and the
609:800,000.
586:May 2015
480:Kattegat
478:and the
441:Founding
426:Malaysia
394:handbags
287:handbags
283:American
232:Products
117:May 2015
685:2012 —
645:Germany
627:Denmark
570:scholar
492:Jutland
488:Denmark
398:jewelry
390:watches
368:, near
356:, then
329:, near
303:Denmark
299:Jutland
291:jewelry
275:watches
240:Website
169:Founded
101:scholar
795:, see
791:
678:, and
572:
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551:
543:
484:Skagen
472:Danish
459:Skagen
418:Taiwan
404:, the
386:Fossil
370:Dallas
362:Fossil
347:Fossil
331:Dallas
307:Fossil
295:Skagen
279:Fossil
183:(HQ),
103:
96:
89:
82:
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32:Skagen
607:US $
577:JSTOR
563:books
414:Japan
410:India
108:JSTOR
94:books
798:and
789:ISBN
549:news
406:E.U.
321:and
297:, a
189:and
172:1989
80:news
532:by
63:by
870::
806:^
768:^
719:^
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494:.
486:,
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420:,
416:,
412:,
402:UK
396:,
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