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Stock impact report

Movado Group to Acquire MVMT Lifestyle Watch and Accessories Brand [Forbes]

Movado Group Inc. (MOV) 
Last movado group inc. earnings: 3/26 06:45 am Check Earnings Report
US:NYSE Investor Relations: movadogroup.com/investor/index.cfm
Company Research Source: Forbes
Roberta Naas Contributor i Watches & Jewelry I write about the worlds of luxury watches, time and jewelry. The Movado Group, which owns Movado and a host of licensed watch brands, has announced its agreement to purchase MVMT Watches Inc., the five-year-old lifestyle brand that creates watches, sunglasses and accessories in the affordable price range. Begun in 2013 and empowered by crowd funding, MVMT’s watch line offers minimalist design. The LA-based company is incredibly strong in social media, and today has a global community of more than 1.5 million MVMT owners, so it offers strong expansion for Movado Group into a millennial brand and also satisfies the Group’s new digital strategy. MVMT watches Movado Group, MVMT The agreement to acquire MVMT Watches Inc., is expected to close around the first of October of 2018. According to the Movado Group’s announcement the purchase price consists of a Show less Read more
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