Movado Group, Inc. (MOV) Announces Plans to Restructure Organization
Movado Group, Inc. (MOV) designs, manufactures and distributes watches from nine of the most recognized and respected names in time: Movado, Ebel, Concord, and ESQ SWISS as well as Coach, HUGO BOSS, Juicy Couture, Lacoste and Tommy Hilfiger. The company also designs and markets exclusive Movado jewelry and gifts through their Movado Boutique stores in the United States. With manufacturing facilities in Switzerland, and corporate headquarters in Paramus, New Jersey and Bienne, Switzerland, the company employs more than 1,800 people worldwide. Movado announced last week initiatives designed to streamline operations, reduce expenses, and improve efficiencies and effectiveness across the company’s…