What happened to Skagen?

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Is Fossil sunsetting the brand? I stopped in at a Fossil store near me recently. This location used to have a good 2-3 showcases filled with Skagens. When I visited last week, there were a grand total of 5 watches in a discount case off to the side.

Anecdotally, it seemed like there used to be more Skagens floating around both for sale and on forums/social media.

And since every thread needs a photo, here's my titanium Grenen

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