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Fossil to make BMW-branded watches

Fossil Group Inc. said July 30 that it entered into a global licensing agreement with Bayerische Motoren Werke AG to make BMW-branded watches and smartwatches through 2023.

The Texas-based fashion accessories company's first line of BMW-branded watches and accessories will be available in 2019.

The collections will be sold through the German automaker's retail channels and Fossil's retailers.