 Named for Skagen, a Jutland peninsula and Denmark's northernmost town, Skagen Designs Ltd. was purchased in 2012 by Fossil, for stock and cash in transaction totaling approximately , and it continues to operate as a wholly owned subsidiary under its parent, continuing the traditional brand name Skagen Denmark.Starting in New York, then in Lake Tahoe and Reno, Nevada, Skagen Designs Ltd. operations are overseen from Richardson, Texas, near Dallas, in the United States.As of its acquisition by Fossil Inc. on April 2, 2012, Skagen Designs, Ltd. operates as a wholly owned subsidiary of Fossil, listing, as of May 1, 2015, Charlotte Jorst as Co-founder and President, Henrik Jorst as Co-Founder, and Steen Albrechtslund as Group Managing Director.