EXHIBIT 21.1 SUBSIDIARIES OF FOSSIL, INC. AS OF DECEMBER 30, 2000 PLACE PERCENT NAME OF SUBSIDIARY OF INCORPORATION PARENT COMPANY OWNERSHIP - ------------------------------------------------------------------------------------------------------------------ Fossil Intermediate, Inc. Delaware Fossil, Inc. 100 Fossil Stores I, Inc. Delaware Fossil, Inc. 100 Intermediate Leasing, Inc. Delaware Fossil, Inc. 100 Arrow Merchandising, Inc. Texas Fossil, Inc. 100 Fossil (East) Limited Hong Kong Fossil, Inc. 100 Fossil Europe B.V. The Netherlands Fossil, Inc. 100 Fossil Japan, K.K. Japan Fossil, Inc. 81 SII Marketing International, Inc. Delaware Fossil, Inc. 20 Fossil Trust Delaware Fossil Intermediate, Inc. 100 Fossil Stores II, Inc. Delaware Fossil Stores I, Inc. 100 Newtime, Ltd. Hong Kong Fossil (East) Limited 100 Pulse Time Center Company, Ltd. Hong Kong Fossil (East) Limited 60 Trylink International, Ltd. Hong Kong Fossil (East) Limited 51 Fossil Trading, Ltd Hong Kong Fossil (East) Limited 100 Fossil Singapore, Ltd. Singapore Fossil (East) Limited 81 Design Time, Ltd. Hong Kong Fossil (East) Limited 51 Fossil Europe GmbH Germany Fossil Europe B.V. 100 Fossil Italia, S.r.l. Italy Fossil Europe B.V. 100 Fossil France Eurl, S.a.r.l. France Fossil Europe B.V. 100 Fossil Spain, S.A. Spain Fossil Europe B.V. 100 Fossil U.K. Ltd. United Kingdom Fossil Europe B.V. 100 Fossil Stores U.K. Ltd. United Kingdom Fossil U.K. Ltd. 100