QuickLinks -- Click here to rapidly navigate through this document

Exhibit 21.1

Subsidiaries of Fossil, Inc.
as of January 2, 2010

Name of Subsidiary	Place of Incorporation		Parent Company	Percent Ownership
Fossil Intermediate, Inc.		Delaware	Fossil, Inc.		100
Fossil Stores I, Inc.		Delaware	Fossil, Inc.		100
Arrow Merchandising, Inc.		Texas	Fossil, Inc.		100
Fossil Canada, Inc.		Canada	Fossil, Inc.		100
Fossil Europe B.V.		The Netherlands	Fossil, Inc.		100
Fossil Austria GmbH		Austria	Fossil Europe, B.V.		100
Fossil Japan, K.K.		Japan	Fossil, Inc.		100
Fossil Holdings, LLC		Delaware	Fossil, Inc.		100
Fossil Holdings (Gibraltar) Ltd.		Gibraltar	Fossil, Inc.		100
Fossil (Gibraltar) Ltd.		Gibraltar	Fossil Holdings (Gibraltar) Ltd.		100
Fossil International Holdings, Inc.		Delaware	Fossil, Inc.		100
Fossil Mexico, S.A. de C. V.		Mexico	Fossil International Holdings, Inc.		52
Servicios Fossil Mexico, S.A. de C.V.		Mexico	Fossil International Holdings, Inc.		51
Fossil (East) Limited		Hong Kong	Fossil Holdings (Gibraltar) Ltd.		100
Fossil Partners, L.P.		Texas	Fossil Trust/Fossil, Inc.		99/1
Swiss Technology Holding GmbH		Switzerland	Fossil, Inc.		100
Fossil Trust		Delaware	Fossil Intermediate, Inc.		100
Fossil Holding LLC Luxembourg, SCS		Luxembourg	Fossil, Inc.		100
Fossil Luxembourg, Sarl		Luxembourg	Fossil Holding LLC Luxembourg, SCS		100
Pulse Time Center Company, Ltd.		Hong Kong	Fossil (East) Limited		96
Fossil (Asia) Ltd		Hong Kong	Fossil (East) Limited		100
Fossil Singapore Ptd Ltd.		Singapore	Fossil (East) Limited		100
FDT, Ltd. (Design Time, Ltd.)		Hong Kong	Fossil (East) Limited		51
Fossil (Australia) Pty Ltd.		Australia	Fossil (East) Limited		100
Fossil (New Zealand) Ltd.		New Zealand	Fossil (Australia) Pty Ltd.		100
Fossil Time Malaysia Sdn. Bhd.		Malaysia	Fossil (East) Limited		100
Fossil Industries Ltd.		Hong Kong	Fossil (East) Limited		100
Fossil Trading (Shanghai) Company Ltd.		China	Fossil (East) Limited		100
Fossil (Asia) Holding Ltd.		Hong Kong	Fossil (East) Limited		81

Name of Subsidiary	Place of Incorporation		Parent Company	Percent Ownership
Fossil Europe GmbH		Germany	Fossil Europe B.V.		100
Fossil Italia, S.r.l.		Italy	Fossil Europe B.V.		100
Gum, S.A.		France	Fossil Europe B.V.		100
Fossil, S.L.		Spain	Fossil Europe B.V.		50
Fossil U.K. Holdings Ltd.		United Kingdom	Fossil Europe B.V.		100
FESCO GmbH		Germany	Fossil Europe B.V.		100
Fossil Swiss No Time GmbH		Switzerland	Fossil Europe B.V.		100
Fossil Swiss X Time GmbH		Switzerland	Fossil Europe B.V.		100
In Time—Portugal		Portugal	Fossil Spain, S.L.		50
Fossil U.K. Ltd.		United Kingdom	Fossil U.K. Holdings Ltd		100
Fossil Stores U.K. Ltd.		United Kingdom	Fossil U.K. Ltd.		100
Montres Antima SA		Switzerland	Swiss Technology Holding GmbH		100
Fossil Group Europe, GmbH		Switzerland	Swiss Technology Holding GmbH		100
Fossil France SA		France	Gum, SA		100
Logisav SARL		France	Fossil France SA		100
Trotime Espana SL		Spain	Fossil France SA		51
Fossil Retail Stores (Australia) Pty. Ltd		Australia	Fossil (Australia) Pty Ltd.		100
Fossil Management Services Pty. Ltd.		Australia	Fossil (Australia) Pty Ltd.		100
Fossil Scandinavia AB		Sweden	Fossil Europe B.V.		100
Fossil Norway AS		Norway	Fossil Scandinavia AB		100
Fossil Denmark AS		Denmark	Fossil Scandinavia AB		100
Fossil Stores France SAS		France	Fossil France S.A.		100
Fossil Stores S.r.l.		Italy	Fossil Italia S.r.l.		100
Fossil (Korea) Ltd.		Korea	Fossil (East) Limited		100
Fossil (Macau) Limited		Macau	Fossil (Asia) Ltd.		100
Fossil India Private Co. Ltd.		India	Fossil (East) Limited		100
Trylink International. Ltd.		Hong Kong	Fossil (East) Limited		85
Fossil Newtime Ltd.		Hong Kong	Fossil (East) Limited		100
Fossil Stores Belgium BVBA		Belgium	Fossil Europe B.V.		100
Fossil Stores Denmark A/S		Denmark	Fossil Denmark A/S		100
Fossil Stores Spain SL		Spain	Fossil Europe B.V.		100
Fossil Belgium BVBA		Belgium	Fossil Europe B.V.		100
Fossil Stores Sweden AB		Sweden	Fossil Scandinavia AB		100
MW Asia Ltd.		Hong Kong	Fossil East Ltd.		100
Fossil Asia Pacific Ltd.		Hong Kong	Fossil East Ltd.		100

QuickLinks

Exhibit 21.1

Subsidiaries of Fossil, Inc. as of January 2, 2010