Intel, Fashion Company Team Up on Wearables
Intel announced last week that it will team up with Fossil Group, Inc., to develop wearable products.
Fossil Group is described as "a global design, marketing and distribution company specializing in fashion accessories." The two companies, according to the announcement, plan to "support and develop emerging trends in the wearable technology space." Fossil Group and Intel Capital, Intel's ventures arm, will also look at investments in wearable technology.
"The combination of Intel's technology and Fossil Group's ability to design innovative fashion accessories and to create, market and distribute globally is why we are confident about this initiative," Mike Bell, Vice President of Intel and General Manager of the New Devices Group, said as part of the announcement.