Movado Group news and archive

Movado posts decline in sales and earnings

Movado, operating stores in the US and Canada, reported a first quarter net sales decrease of 5.7 percent or 6.1 percent on a constant dollar basis to 136.7 million dollars. The company attributed the decrease in net sales to declines in wholesale customers’ brick and mortar stores and Movado company stores. Net sales in the US decreased 6.2...

People

Movado Group appoints Debbie Forman-Pavan as president of North America sales

Movado Group has announced the appointment of Debbie Forman-Pavan as president of North America sales. In this role, the company said, Forman-Pavan will be responsible for leading all avenues of sales across North America, while increasing revenue growth, and continuing to support the solid foundation of the business. Forman-Pavan replaces Alan...

Business

Movado Group almost doubles Q1 profit

US watchmaker Movado Group almost doubled its profit in the first quarter of the year as its sales increased by 21.2 percent. In the three months to April 30, the group’s net income widened to 18.5 million dollars from 9.4 million dollars a year earlier. The group, whose portfolio of brands includes Movado, MVMT, Concord, and Ebel, reported...

Business

Movado Group posts increase in Q4 sales, swings to FY net profit

Watch specialist Movado Group has reported an increase in net sales in the fourth quarter as it ended the year back in the black. For the quarter ending January 31, the group reported net sales of 206 million dollars, a year-over-year increase of 15.5 percent, or 17.2 percent on a constant dollar basis. The group, whose portfolio of brands...

People

Movado Group taps St. John Knits CEO as new MVMT chief

Movado Group has appointed Eran Cohen as the new chief executive of US watch and accessories brand MVMT. Cohen joins from luxury knitwear label St. John Knits, where he served as president and CEO since 2018. In his new position, he will be based at MVMT’s headquarters in Los Angeles and will report to Behzad Soltani, the executive vice...