Inc. - The Real History of Shinola, America's Most Authentic Fake Brand 5-15min

Five years ago, after growing Fossil into a $2 billion accessories behemoth, Kartsotis hatched Shinola, a high-end watch brand famous, mostly, for being manufactured in Detroit. ... This is just the latest postmodern layer Kartsotis has baked into Shinola, which is no longer an experiment in manufacturing authenticity, but a fast-growing business. "The coolest brand in America"--as recently ordained by Adweek--can now be found in boutiques from Paris to Singapore. Shinola retail stores have surfaced in more than a dozen cities; plans are to almost triple that by late 2017. The brand isn't slowing down for anyone--not even the Federal Trade Commission. In November, the government agency went after Shinola's "Built in Detroit" tagline, accusing the company of embellishing its made-in-America claims. ... Kartsotis has spent his career finding creative ways to boost the value of ordinary products. Born to a Greek American family, he dropped out of Texas A&M, discovering his entrepreneurial flair as a ticket scalper. In his early 20s, he ventured to Asia with a plan to import cheap toys, until he was tipped off that the market for moderately priced Asian-made watches was growing. With $200,000 that he'd earned scalping, Kartsotis opened Overseas Products International, an importer of watches from Hong Kong. But it wasn't until Kartsotis came across Life and Look magazines from the 1950s that Overseas morphed into the brand called Fossil.