Movado Group, Inc. (MOV)

Designer, manufacturer, and marketer of watches under brands like Movado, Ebel, and Concord.

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Movado Group, Inc., headquartered in Paramus, New Jersey, is a global leader in the design, sourcing, marketing, and distribution of watches and accessories. The company operates through two main segments: Watch and Accessory Brands, and Company Stores. Under its Watch and Accessory Brands segment, Movado Group offers a distinguished portfolio including its eponymous Movado brand, as well as Concord, Ebel, Olivia Burton, and MVMT. Additionally, the company holds licenses for renowned brands such as Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, Calvin Klein, and Scuderia Ferrari, enhancing its market presence across diverse consumer segments.

Movado Group caters to a broad spectrum of customers including jewelry store chains, department stores, independent jewelers, distributors, online platforms, and licensors' retail outlets. The company's comprehensive distribution network extends globally, supported by direct-to-consumer sales through its robust e-commerce platforms. Additionally, Movado Group operates 51 retail outlet locations as of January 31, 2022, providing direct engagement with consumers seeking high-quality timepieces and accessories.

Founded in 1961 as North American Watch Corporation and rebranded as Movado Group, Inc. in 1996, the company has built a legacy of craftsmanship and innovation in the watch industry. Movado Group's commitment to excellence is underscored by its dedication to after-sales service and efficient shipping solutions, ensuring customer satisfaction worldwide. With a strong foothold in both traditional retail channels and digital platforms, Movado Group continues to set standards in luxury and accessible watchmaking, maintaining its position as a prominent player in the global market.

Movado Group's strategic headquarters in Paramus, New Jersey, serves as a hub for its operations, complemented by its global reach and influence. The company's enduring success is driven by a blend of iconic brand partnerships, innovative product offerings, and a steadfast commitment to meeting the evolving preferences of discerning consumers around the world.

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