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Shine, a wearable fitness and sleep tracker of Misfit that costs US$99. Photo: mobihealthnews

2015-11-15 09:48:09| Jewelry - Topix.net

Watchmaker Fossil Group has agreed to acquire Misfit, a wearable fitness tracker producer based in the US and Vietnam, for US$260 million. Vietnamese-American Sonny Vu, co-founder and CEO of Misfit, said in a statement: "We are thrilled to join forces with Fossil Group to usher in the next era of wearables where elegance, beauty and long-lasting wearability are paramount."

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Category:Consumer Goods and Services

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