Morellato Group Expands Italian Reach with Fossil Distribution Acquisition

Morellato Group, a prominent Italian jewellery and watchmaking conglomerate, has announced its acquisition of Fossil Group’s distribution operations within Italy. This strategic move encompasses a portfolio of well-known brands including Fossil, Emporio Armani, Armani Exchange, Michael Kors, and Diesel, significantly expanding Morellato’s market reach and brand offerings.

A key focus of this acquisition will be strengthening the traditional retail channel. Morellato Group intends to establish a dedicated and exclusive sales network designed to provide retailers with enhanced service and targeted commercial support. This commitment underscores the group’s belief in the vital role of specialist retailers within the Italian market.

Massimo Carraro, Chairman of Morellato Group, emphasized the importance of this strategy, stating, “We believe in the sector; we believe in the specialist retailer – the historic fulcrum of the Italian market – at the centre of our strategy for the wealth of know-how it represents and the irreplaceable role it plays in enhancing brands and in the relationship with the consumer.” This highlights the group’s dedication to fostering strong relationships with its retail partners and leveraging their expertise.

This acquisition represents a substantial step in Morellato Group’s continued growth trajectory. Currently, the company stands as Italy’s leading jewellery and watchmaking group and a global leader in watch straps. Its extensive network includes 660 directly operated retail stores, six e-commerce platforms, and over 7,000 wholesale partners. The group’s brand portfolio comprises 14 owned brands – Morellato, Sector No Limits, Philip Watch, Lucien Rochat, Oui&Me, La Petite Story, Chronostar, and FAVS – alongside retail banners like Bluespirit, Christ, Brinckmann & Lange, Cleor, D’Amante, and Noélie.

In addition to its owned brands, Morellato Group also holds licenses for seven prominent brands: Karl Lagerfeld, Maserati, Chiara Ferragni, Trussardi, Esprit, Jette, and Guido Maria Kretschmer. Demonstrating a commitment to responsible business practices, Morellato Group achieved certification from the Responsible Jewellery Council (RJC) in 2023, adhering to stringent environmental and sustainability standards.

Looking ahead, Morellato Group anticipates closing its 2025 financial year (ending February 28, 2026) with an approximate turnover of €750 million and an EBITDA exceeding 20%. This represents an increase from the €723 million recorded in 2024. International markets are a significant driver of revenue, accounting for around 70% of the Group’s total income, with Italy, Germany, and France leading the way, alongside strong performance in the Middle East.