05/28/2012 08:12 am ET

Fossil Founder Digs The D

By Daniel Duggan

The founder of Fossil Inc. has picked Detroit as the site for a watch and bicycle manufacturing operation, with hopes that the words "made in Detroit" will make the items more marketable.

Tom Kartsotis, founder of the Richardson, Texas-based watch and accessory company, has signed a 30,000-square-foot lease in the former Argonaut Building in Detroit's New Center after a three-year search for space in the city.

Wikimedia photo by Andros Amatakis.

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