Movado Group, Inc.

Paramus, NJ United States

  (NYSE: MOV)

Company Description

Movado Group knows that time is of the essence. Its watch brands -- including namesake Movado, Concord, and Ebel, as well as the licensed Coach, Tommy Hilfiger, Hugo Boss, Lacoste, and Juicy Couture lines -- are sold worldwide. Its watches span a variety of price points, from about $100 to $10,000 for exclusive designs. Movado sells its watches to major jewelry store and department store chains (including Neiman Marcus and Saks Fifth Avenue), as well as to independent jewelers (such as Zales). The company exited its own retail chain, which consisted of about 30 boutiques, in mid-2010. The family of the late Gerry Grinberg, who founded Movado, controls about 70% of the company's voting power.