Fossil Group eyes $400 mn IPO for Indian subsidiary

FOSSIL GROUP, THE US-based luxury watchmaker, is considering an initial public offering of its Indian arm, according to people familiar with the matter, as the South Asian market for new listings heats up.

- RAJESH MASCARENHAS

The company is in talks with bankers to raise about $300 million to $400 million by selling a stake of as much as 25% in Fossil India, the people said, asking not to be identified as the information is private.