Movado Group, Inc. - Company Capsule by ICDResearch

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									Movado Group, Inc.

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Movado Group, Inc. - Company Capsule

Reference Code: CP0035CC
Published Date: April 2011




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Movado Group, Inc. - Company Capsule                                                Page 1
Movado Group, Inc.

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Movado Group, Inc. - Company Overview

Movado Group, Inc. (Movado) is engaged in designing, sourcing, marketing and distribution of fine watches and jewelry.
The company offers watch brands in almost every major category ranging from luxury and premium watches to moderate
and mass market watches. The various brands offered by the company include Movado, Ebel, Concord, ESQ, Coach
Watches, HUGO BOSS Watches, Juicy Couture Watches, Tommy Hilfiger Watches and LACOSTE Watches. The
company also designs, develops and markets Movado branded jewelry through its luxury retail outlets and Movado
Boutiques. Movado principally operates in two business segments, namely, wholesale and retail. The company is
headquartered in Paramus, New Jersey, the US.


Financial Performance

The company reported revenues of (U.S. Dollars) USD 378.40 million during the fiscal year ended January 2010, a
decrease of 17.89% from 2009. The operating loss of the company was USD 36.43 million during the fiscal year 2010, as
against an operating income of USD 3.39 million during 2009. The net loss of the company was USD 54.63 million during
the fiscal year 2010, as against a net profit of USD 2.32 million during 2009.




Movado Group, Inc. - Key Facts

Movado Group, Inc., Key Facts

                                  650 From Road, Paramus, New
                                  Jersey (NJ), 07652, United        Ticker Symbol, Stock       MOV (New York Stock
Corporate Address:                                                                             Exchange)
                                                                    Exchange
                                  States


Telephone                          + 1 201 2678000                  No. of Employees           1,200



Fax                                + 1 201 2678230                  Financial Year End         January



URL                               www.movadogroup.com               Revenue (in USD Million)   378.40


                                  Consumer Packaged Goods ,
Industry
                                  Retailing


                                  China, Hong Kong Special Administrative Region of China, Japan, Singapore, France, Germany,
Locations                         Switzerland, United Kingdom, United Arab Emirates, Canada, United States

Source: Annual Report, Company Website, Primary and Secondary Research




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Movado Group, Inc. - Company Capsule                                                                                 Page 2
Movado Group, Inc.

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Movado Group, Inc. - Major Products and Services

Movado Group, Inc. is engaged in designing, sourcing, marketing and distribution of fine watches and jewelry in the US
and abroad. The key products of the comapny include the following:

Movado Group, Inc., Major Products and Services
Products:

Watches

Jewellery

Brands:

Movado

Ebel

Concord

ESQ SWISS

Coach Watches

HUGO BOSS Watches

Juicy Couture

Tommy Hilfiger Watches

Lacoste
Source: Annual Report, Company Website, Primary and Secondary Research




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Movado Group, Inc. - Company Capsule                                                                             Page 3
Movado Group, Inc.

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Movado Group, Inc. - Key Competitors

The following companies are the major competitors of Movado Group, Inc.:

EganaGoldpfeil (Holdings) Ltd.

Citizen Watch Co., Ltd.

Peace Mark (Holdings) Ltd.




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Movado Group, Inc. - Company Capsule                                                Page 4
Movado Group, Inc.

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Movado Group, Inc. - Key Employees


Movado Group, Inc., Key Employees


          Name                             Job Title                      Board Level     Since   Age


Efraim Grinberg            Chairman, Chief Executive Officer        Executive Board       2009    52


                           Chief Operating Officer, Director,
Richard J. Cote                                                     Executive Board       2010    55
                           President


Margaret Hayes Adame       Director                                 Non Executive Board   1993    70


Alan H. Howard             Director                                 Non Executive Board   1997    50


Richard D. Isserman        Director                                 Non Executive Board   2005    75


Nathan Leventhal           Director                                 Non Executive Board   2003    67


Donald Oresman             Director                                 Non Executive Board   1981    84


Leonard L. Silverstein     Director                                 Non Executive Board   1975    88


                           Chief Financial Officer, Principal
Sallie DeMarsilis                                                   Senior Management     2008    45
                           Accounting Officer


Timothy F. Michno          Secretary, General Counsel               Senior Management     1992    53


                           Senior Vice President - Global Business
Frank A. Morelli                                                   Senior Management      2006    59
                           Process, Chief Information Officer
Source: Annual Report, Company Website, Primary and Secondary Research




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Movado Group, Inc. - Company Capsule                                                                   Page 5
Movado Group, Inc.

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Movado Group, Inc. - Locations and Subsidiaries

Head Office

Movado Group, Inc.
650 From Road
Paramus
New Jersey (NJ)
Zip: 07652
United States
Tel: + 1 201 2678000
Fax: + 1 201 2678230



Other Locations & Subsidiaries

Movado Group, Inc., Subsidiaries

MGI Luxury Group S.A                                                MGI International, Ltd.
Switzerland                                                         Bermuda




Movado Group of Canada, Inc.                                        MGI Luxury Trading Shanghai Ltd.
Canada                                                              China




Movado Group Delaware Holdings Corporation                          Movado LLC
Delaware (DE)                                                       Delaware (DE)
United States                                                       United States




MGI Luxury Group UK Ltd.                                            MGS Distribution Ltd.
United Kingdom                                                      United Kingdom




SwissWave Europe SA                                                 Movado Deutschland G.m.b.H.
France                                                              Germany




MGI Luxury Asia Pacific Ltd.
Hong Kong Special Administrative Region of China


Source: Annual Report, Company Website, Primary and Second
								
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