Company
Movado Group, Inc.
Headquarters: Paramus, NJ, United States
Founded: 1881
Employees: 888
CEO: Mr. Efraim Grinberg
Market Cap
$538.8 Million
USD as of July 1, 2024
Movado Group, Inc. Categories
United States Consumer Discretionary Luxury GoodsUnited States Consumer Discretionary United States Luxury Goods
Detailed Description
Movado Group, Inc. designs, sources, markets, and distributes watches worldwide. It operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands, such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Scuderia Ferrari. It also provides after-sales and shipping services. As of January 31, 2021, the company operated 47 retail outlet locations. Its customers include jewelry store chains, department stores, independent regional jewelers, licensors' retail stores, and a network of independent distributors. The company also sells directly to consumers via its e-commerce platforms. The company was formerly known as North American Watch Corporation and changed its name to Movado Group, Inc. in 1996. Movado Group, Inc. was founded in 1961 and is based in Paramus, New Jersey.
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Stocks & Indices
Movado Group, Inc. has the following listings and related stock indices.
Stock: NYSE: MOV wb_incandescent
Stock: FSX: MV4 wb_incandescent
Product & Services
Watches
Key People
Founder(s): Achille Ditesheim Gedalio Grinberg (1983)
Efraim Grinberg (Chairman & CEO) Sallie A. De Marsilis (Senior VP & CFO)
Financials
Revenue: US$ 567.95 million(FY JAN 31 2018)
Operating income: US$ 43.20 million(FY JAN 31 2018)
Net income: US$ -15.23 million(FY JAN 31 2018)
Total assets: US$ 645.38 million(FY JAN 31 2018)
Total equity: US$ 470.34 million(FY JAN 31 2018)