Entries in the ‘News’ Category:

Is The Movado Financial Crisis Over?

We’ve been following the Movado financial crisis since the first quarter a loss was reported. This week some good news came in from for the fourth fiscal quarter which ended at the end of January. Movado seems to have hit positive sales results.
According to Movado 61 of their retail stores were up 2.6 percent [...]

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Angular Momentum Challenges Movado?

I’m not sure how long its going to be before Movado sues Angular Momentum, because to be honest everyone seems to be looking over the fact that the Angular Momentum Email Grand Feu Watch Collection looks exactly like a Movado Museum Watch.
Here’s an Angular Momentum Email Grand Feu Watch

Here’s a Movado Museum Watch:

Same case design… [...]

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Movado Group Hires Two Presidents for Ebel Watches

Loek Oprinsen and Marc Michel-Amadry have been named the two new Presidents of Movado Group’s Ebel luxury watch brand.  The two power houses replace Thomas van der Kallen and the buzz on these two is pretty tremendous.

Oprinsen (above) joined the Movado family in 2005 and is now named President and Commercial Director of Ebel.  Michel-Amadry [...]

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Amanda Seyfried joins Movado as an Ambassador

Amanda Seyfried, the Mama Mia! Star, has officially signed to be an Ambassador with Movado. Movado seems to be working extremely hard to focus on a different target market and to catch up with other luxury brands, like TAG Heuer, who have signed big clients such as Leonardo Dicaprio, Tiger Woods, and Lewis Hamilton to [...]

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Movado helps support a family in need

The heart of a company is in its good deeds.  And Movado, always known for helping those less fortunate, has proven this statement again and again.
Recently, Movado donated a men’s watch to be raffled off for a good cause.  Also, instead of exchanging office Christmas gifts, they donated $1,060 to cause.  The cause was worth [...]

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Movado Super Bowl commerical plans

The 2009 Super Bowl is approaching us soon, and even though the game is important (I’m in Arizona so Goooo Cardinals!)….
…the commercials are better!
However, this year with the recession and so many companies falling short…can we expect the commercials we are used to?  You betcha! And Movado watches are planning to wow and amaze with [...]

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Buy macaroni and win a Movado watch?

I guess Christmas isn’t officially over until Valentine’s Day because some consumers are finding some amazing pieces of Movado jewelry and there are still some more jewelry out there.
Two lucky winners shopping at RTW Cash & Carry, purchased Kraft, Hunts Nestle, Pedigree, or an M&M product and found, you guessed it, a golden ticket.
But no [...]

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R.I.P. Movado Founder and Chairman Gedalio Grinberg

Unfortunately this is a sad day for Movado, the Movado Group founder and Chairman, Gedalio “Gerry” Grinberg died at the age of 77.  Eerily,  back on September 12, 2008 we posted that he would be retiring on December 31, 2008.  However, he was able to watch is son, Efraim Grinberg, take over the company and [...]

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Men’s Movado Juro Best Selling Holiday Watch On Amazon.com

Despite the holiday economic “doom” theories and despite the online shopping odds… Amazon.com had the best ever holiday season this year with over 6.3 million items ordered on December 15, which is when online shopping reaches its peak.  More importantly, surprisingly one of the best selling watches on Amazon.com was the Movado Juro Stainless-Steel watch [...]

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Movado Group, Inc. 2009 Financial Strategy

Yesterday we mentioned that unfortunately, Movado 3rd quarter sales reached a double-digit decline, decreasing the companies yearly outlook.  Starting on October 31st the company seemed to be stabilizing its losses, cutting back, and making provisions to ensure increases in the future.  However, mid September seemed to be another breaking point for the company.
So what does [...]

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