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Fossil Group has announced that it is . Fossil spokesperson Amanda Castelli revealed in a statement to The Verge that the Group made the strategic decision after over the past several years.  The Fossil Group will of designing and distributing traditional watches, jewellery, and leather goods. The Fossil Group had been . Back in 2017, the Fossil Group had . A year later, for the latter to launch its own smartwatches. But the future of this deal seems uncertain at the moment with Fossil Group leaving the space.  And then in 2019,   to in relation to smartwatch technology developed by the latter. in 2022 to introduce the Razer X Fossil Gen 6 smartwatch. Despite the collaboration with other companies and backing of Google's Wear OS, it seems that in the highly competitive smartwatch market. shows Apple in the lead with a 45% market share, followed by Samsung with 18%, and Huawei with 14%. The Fossil Group's share was too small to even register a mention in the report. Source: