On 10 November 2025, Mr Justice Richards sanctioned a restructuring plan for Fossil (UK) Global Services, a UK subsidiary of the US-headquartered Fossil fashion accessories group that was incorporated to let the group pursue an UK restructuring plan.
The restructuring plan involved the cancellation of $150m of existing notes and issuance of $182.5m of new notes. The existing notes had been marketed to retail investors via an SEC-registered offering, and were held by a mix of institutional and retail investors.
William Day was instructed by the retail advocate, Jon Yorke, for the sanction hearing.