| Business Summary | | Movado
Group,
Inc.
is
a
designer,
manufacturer
and
distributor
of
brand
name
watches
in
almost
every
price
category
comprising
the
watch
industry.
During
fiscal
2001,
the
Company
marketed
five
brands
of
watches,
Movado,
Concord,
ESQ,
Coach
and
Tommy
Hilfiger,
which
compete
in
the
Exclusive,
Luxury,
Premium,
Moderate
and
Fashion
Watch
Market
categories,
respectively.
The
Company
also
has
retail
operations
consisting
of
23
outlet
stores
and
seven
Movado
Boutiques. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Movado
Group,
Inc.
designs,
manufactures
and
distributes
quality
watches
with
prominent
brands
sold
in
almost
every
price
category
comprising
the
watch
industry.
For
the
three
months
ended
4/30/01,
net
sales
increased
6%
to
$56.5
million.
Net
loss
before
accounting
change
fell
26%
to
$128
thousand.
Revenues
reflect
strong
sales
in
the
Far
East
and
Middle
East
markets.
Net
income
also
reflects
higher
margins
on
new
model
introductions. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gedalio Grinberg, 69 Chairman | $1.3M | Efraim Grinberg, 43 Pres,
CEO, Director | 1.1M | Richard Cote, 46 COO,
Exec. VP, Director | 753K | Kennith Johnson, 48 Sr.
VP, CFO | -- | Frank Kimick, 34 VP,
Treasurer, Assistant Sec. | -- | Dollar amounts are as of 31-Jan-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|