Movado Group Inc was incorporated in New York in 1967 under the name North American Watch Corporation to acquire Piaget Watch Corporation and Corum Watch Corporation. The Company designs, sources, markets and distributes fine watches. Its portfolio of brands includes Coach Watches, Concord, Ebel, ESQ Movado, Scuderia Ferrari Watches, HUGO BOSS Watches, Juicy Couture Watches, Lacoste Watches, Movado, and Tommy Hilfiger Watches. The Company operates in two segments including Wholesale and Retail. The Company's Wholesale segment includes the design, development, sourcing, marketing and distribution of high quality watches in addition to after-sales service activities and shipping. The Retail segment includes the Company's outlet stores. The Company divides its business into two geographic locations: United States operations, and International. The Company's International operations in Europe, the Americas (excluding the United States), Asia and the Middle East. The Company sells all of its brands in the U.S. wholesale market to jewelry store chains such as Helzberg Diamonds Corp. and Sterling, Inc. department stores, such as Macy's, and Nordstrom, as well as independent jewelers. The Company through its subsidiary operates 38 outlet stores located in outlet centers across the United States, which sell discontinued models and factory seconds of all of the Company's watches. The Company's competitor includes Swatch Group, Ltd. The Company owns the trademarks CONCORD, EBEL and MOVADO, as well as trademarks for the Movado Museum dial design, and related trademarks for watches and jewelry in the United States. The Company conducts business, either directly or indirectly, in numerous countries and accordingly is subject to a multitude of legal requirements impacting every aspect of its operations.
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