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  September 5, 2001
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Home > Company Index > Consumer Products-Durables  > Jewelry, Watches & Clocks > Movado Group, Inc.

Movado Group, Inc.
Nasdaq: MOV
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 PROFILE
Movado Group keeps up with the times through its four brands of watches -- Movado, Concord, ESQ, and Coach. The group's watches are sold worldwide, with prices ranging from $125 to more than $10,000. The firm makes its Movado and Concord brands; independent contractors in Asia make the ESQ line, while Swiss suppliers provide the company's Coach watches under license from Sara Lee. The company's retail chain consists of a handful of boutiques and about 25 outlet stores. In addition to watches, Movado's boutiques carry jewelry, home décor objects, and personal and desk accessories. Founder and Cuban immigrant Gerry Grinberg and his family control more than 70% of Movado's voting power.

 COMPETITION
LVMH Moët Hennessy Louis Vuitton SA (LVMHY)
Compagnie FinanciEre Richemont AG (RCHMY)
Seiko Corporation (8050)

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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 320.80
1-Yr. Sales Growth: 8.7%
Employees: 838
Revenue per employee: $382,816.23

 KEY PEOPLE
• Efraim Grinberg
    CEO
• Kennith C. Johnson
    CFO

 CONTACT INFO
125 Chubb Ave.
Lyndhurst, NJ 07071
US
Phone: 201-460-4800
Fax: 201-460-4543
Online: Web Site

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