Glenview Capital Boosts Fossil Group Stake ~ market folly

Tuesday, September 16, 2014

Glenview Capital Boosts Fossil Group Stake

Larry Robbins' hedge fund firm Glenview Capital has filed a 13G with the SEC regarding shares of Fossil Group (FOSL).  Per the filing, Glenview now owns 6.15% of the company with 3.25 million shares.

This marks an increase of 582,100 shares since the end of the second quarter.  The filing was made due to activity on September 4th.  We've also detailed how another hedge fund has been active in FOSL shares.  Ricky Sandler's Eminence Capital also increased its Fossil stake this summer.

Per Google Finance, Fossil Group is "a global designer, marketer and distributer company that specializes in consumer fashion accessories. The Company’s offerings include a line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts, sunglasses, soft accessories and clothing. Its products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where the Company do not maintain a physical presence."

We've detailed other recent portfolio activity from Glenview here.

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