Tom Kartsotis (born 1959) is an American entrepreneur, best known as the founder of the brand development firm Bedrock Manufacturing Co.,[1] which is named for The Flintstones hometown and was founded in 2003.[2] Kartsotis was also known as the founder and the president of Fossil from 1984 until 2010.
Career
[edit]
Kartsotis is the founder of Fossil Inc. in 1984 and served in roles including Director, President, Chief Executive Officer, Chairman from 1984 to January 2010.[3] Kartsotis re-founded defunct shoe polish brand Shinola as Shinola Detroit and re-positioned it as a wristwatch brand.[4]
Controversy
[edit]In June 2016, the US Federal Trade Commission ordered Shinola to stop using 'Where American is made' as a slogan because "100% of the cost of materials used to make certain watches is attributable to imported materials."[5] Kartsotis responded with an open letter which noted that the regulations defining "Made in America" for cars are not the same as for watches.[6]
Other brands
[edit]Kartsotis has also invested in American designer Steven Alan and outdoor goods brand Filson.[7] Kartsotis has served on the Board of Directors of Burton Snowboards since 2004.[8]
Personal life
[edit]Kartsotis is of Greek parentage.[9] He shuns media attention and is rarely photographed.[10] His brother, Kosta also served as CEO & chairman of Fossil, replaced Tom's position from 2010 through March 2024.
References
[edit]- ^ bloomberg.com Tom Kartsotis
- ^ "Making it in America: Mo' time for Motown". The Economist. February 5, 2014.
- ^ "Company Overview of Bedrock Manufacturing Co". bloomberg.com. September 24, 2016.
- ^ STACY PERMAN, The Real History of America's Most Authentic Fake Brand: A mogul from Texas is using the country's least aspirational city as the backdrop for his next global lifestyle company--a $225 million experiment in manufactured authenticity Inc. (magazine)
- ^ NICHOLAS MANOUSOS, FTC Takes Action Against Shinola, Suggests 'Where American Is Made' Slogan Be Dropped HODINKEE, JUNE 17, 2016
- ^ Tom Kartsotis, An Open Letter From Shinola Founder Tom Kartsotis In Response To The FTC's Most Recent Action hodinkee.com JUNE 17, 2016
- ^ businessoffashion.com Tom Kartsotis
- ^ simonequity.com Tom Kartsotis
- ^ "Tom Kartsotis - The Greek behind the coolest brand in America". www.ellines.com. Retrieved 2021-12-10.
- ^ LAUREN SHERMAN, How Tom Kartsotis Is Banking on America businessoffashion.com MARCH 22, 2016