Movado Group, Inc.

Movado Group, Inc.

Movado Group, Inc.

Overview
Date Founded

1967

Headquarters

650 FROM ROAD, SUITE 375, PARAMUS, NJ, 07652

Type of Company

Public

Employees (Worldwide)

1,206

Industries

Industrial Machinery & Manufacturing
Other Business & Consulting Services
Apparel & Footwear
Wholesale: Consumer Non-Durables/Sundries
Private Equity & Venture Capital
Consumer Services

Company Description

Movado Group, Inc. engages in the design, manufacture, and distribution of watches. It operates through Watch and Accessory Brands and Company Stores segments. The Watch and Accessory Brands segment include distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment comprises company's physical retail outlet locations. The company was founded by Gedalio Grinberg in 1967 and is headquartered in Paramus, NJ.

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Executives & Employees

Chief Executive Officer

Executive Vice President, Chief Operating Officer & Chief Financial Officer

Senior Vice President, General Counsel & Secretary

President, Asia Pacific

Executive Vice President, Commercial President & Chief Technology Officer

Director & Senior Vice President Customer Experience

Senior Vice President, Global Information Technology & Operations

Senior Vice President, Human Resources

Chief Financial Officer & Senior Vice President

Chief Technology Officer

Board of Directors

Chief Executive Officer at Movado Group, Inc.

Limited Partner at Lead Edge Capital Management LLC

President at Comma International

Director at Alltel Communications LLC

Founder at eWise Group, Inc.

Faculty Member, Accounting at Long Island University

Founder at Heathcote Advisors LLC

Paths to Movado Group, Inc.
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Movado Group, Inc.
Owners & Shareholders
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Tributary Capital Management is an active portfolio managers grounded in strong fundamental research and adherence to risk management. Investments in client accounts may include investments in common stocks, investment companies, ETFs, corporate and municipal bonds and US Government and agency bonds. Their equity investment strategies include small, small/mid, large and all-cap value. The firm uses a rigorous, fundamental, bottom-up process that identifies high quality companies that are temporarily priced below their long-term intrinsic value. Tributary Capital Management’s balanced strategies invest the equity portion in the all-cap value strategy, while the fixed income portion seeks to provide a relatively high level of income from fixed income investments.

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Modera Wealth Management, LLC is an independent, fee-only wealth management firm with offices in Massachusetts and New Jersey. We are committed to helping clients develop customized financial planning and investment solutions for their personal, retirement and charitable goals. Our mission is to create a "clear path forward" for our clients, guiding them to the financial freedom they desire and helping them reach their lifelong goals and aspirations

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Professional Financial Advisors LLC (Nebraska) is an American private company located in North Platte, NE, that provides investment advice. Marc William Werkmeister has been the CEO since 2010.

Recent Transactions
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Movado Group, Inc. purchases MVMT Watches, Inc.

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Movado Group, Inc., Movado Group UK Ltd. purchase Jlb Brands Ltd.

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Movado Group, Inc. purchases Movado Group UK Ltd. from Swico Ltd.

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onMovado Group, Inc. purchases MVMT Watches, Inc.

Legal Advisor

Advised onMovado Group, Inc. purchases MVMT Watches, Inc.

Accountant

Advised onMovado Group, Inc. purchases Ebel SA from LVMH

Legal Advisor

Advised onMovado Group, Inc. purchases MVMT Watches, Inc.

Legal Advisor

Advised onMovado Group, Inc., Movado Group UK Ltd. purchase Jlb Brands Ltd.

Legal Advisor

Advised onMovado Group, Inc. purchases MVMT Watches, Inc.

Advisors & Consultants
Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Real Estate Agent

Principal, Senior Vice President at Cresa Partners LLC

Clients

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Signet Jewelers Limited is the world's largest retailer of diamond jewelry. Signet operates over 3,200 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Signet increases the attraction of Signet’s store brands to customers through the use of branded differentiated and exclusive merchandise, while offering a compelling value proposition in more basic ranges. Signet is committed to delivering increasing value to our stakeholders while seeking to uphold our social, ethical and environmental principles, defined by the brand attributes of global leadership, innovation and sustainability.

Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through Retail; and Corporate/Other. The Retail segment comprises selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The Corporate/Other segment include unallocated corporate expenses and assets, inter-segment eliminations, and other adjustments to segment results. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.

Key Stats and Financials As of 2021
Market Capitalization
$762M
Total Enterprise Value
$366M
Earnings Per Share
$-4.8
Revenue
$515M
EBITDAMargin
9.49%
Enterprise Value / Sales
0.71x
Enterprise Value EBITDAOperating
5.78x
TEVNet Income
-3.28x
Net Profit
$-112M
Total Equity
$430M
Total Debt
$106M
EBITDA
$48.8M
Debt TEV
0.29x
Three Year Compounded Annual Growth Rate Of Revenue
-3.23%
Non-Profit Donations & Grants
Political Donations
$500
2009
Suppliers
PVH Corp. Internet Software & Services | New York, NY

PVH Corp. ("PVH") has grown exponentially from its 1881 roots of selling and mending shirts for miners in Pottsville, PA and its 1920's introduction of the Van Heusen soft-folding collar to become a global company with revenues of over $5.5 billion by successfully growing brands globally through a strategic combination of wholesale, retail and licensing operations throughout North America, Europe and Asia. Our brands include Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, ARROW and Bass. In addition, we license brands for dress shirts and neckwear offered in the U.S. and Canada. In less than a decade, PVH has experienced a tremendous amount of change that has redefined the identity, culture, performance and potential of the Company - first with the successful acquisition of Calvin Klein in 2003 and then with the addition of Tommy Hilfiger in 2010. Through these transformative acquisitions, we have secured our position as one of the largest global apparel companies, with a diversified portfolio of iconic lifestyle and apparel brands, led by Calvin Klein and Tommy Hilfiger. The Calvin Klein and Tommy Hilfiger brands together represent over 75% of the Company's profits and are expected to drive future revenue and profitability growth

Tapestry, Inc. Luxury & Specialty Goods | New York, NY

Coach was founded in 1941 as a family-run workshop. In a Manhattan loft, six artisans handcrafted a collection of leather goods using skills handed down from generation to generation. Discerning consumers soon began to seek out the quality and unique nature of Coach craftsmanship. Now greatly expanded, Coach continues to maintain the highest standards for materials and workmanship. Coach’s exceptional work force remains committed to carefully upholding the principles of quality and integrity that define the company. We attribute the prominence of the Coach brand to the unique combination of our original American attitude and design, our heritage of fine leather goods and custom fabrics, our superior product quality and durability and our commitment to customer service. During the last decade, Coach has emerged as America's preeminent designer, producer, and marketer of fine accessories and gifts for women and men including handbags, men’s bags, women’s and men’s small leathergoods, weekend and travel accessories, footwear, watches, outerwear, scarves, sunwear, fragrance, fine jewelry and related accessories. Continued development of new categories has further established the signature style and distinctive identity of the Coach brand. Together with our licensing partners, we also offer watches, footwear, eyewear and fragrance bearing the Coach brand name in select department stores and specialty retailer locations.

Hugo Boss AG Personal Products | Metzingen, Germany

HUGO BOSS AG engages in the design, manufacture, and sale of clothing and accessories. It operates through the following segments: Europe, Americas, Asia/Pacific, and Licenses. The firm offers children's fashion, modern apparel, elegant eveningwear, home textiles, writing instruments, sportswear, shoes, leather accessories, fragrances, watches, and eyewear through the following brands BOSS, BOSS Orange, BOSS Green and HUGO. The company was founded by Hugo Ferdinand Boss in 1924 and is headquartered in Metzingen, Germany.

Competitors
LVMH Apparel & Footwear - Paris, Fra

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories form men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

Garmin Ltd. Other Manufacturing - Switzerland

Garmin makes products that are engineered on the inside for life on the outside. They do this so their customers can make the most of the time they spend pursuing their passions. With more than 14,500 associates in 65 offices around the world, they bring GPS navigation and wearable technology to the automotive, aviation, marine, outdoor and fitness markets. They think every day is an opportunity to innovate, and a chance to beat yesterday.

Apple, Inc. Computer Hardware - Cupertino, CA

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in April 1976 and is headquartered in Cupertino, CA.

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