Business News How Movado Group Bounced Back

The first pillar consists of three wholly owned Swiss-made brands: Movado, Concord, and Ebel Movado, which competes in the accessible-luxury watch segment, priced from $500 to $2,500, is MGI's best-selling brand Its top market is the US, where it holds the largest market share in its price segment.

Concord and Ebel are luxury brands with strengths in the Middle East and Europe, respectively The second pillar consists of MGI's six licensed fashion brands, priced from $75 to $500 They are Coach, which MGI launched in 1999; Tommy Hilfiger; Hugo Boss; Lacoste; Scuderia Ferrari; and Rebecca Minkoff and Uri Minkoff.

MGI's new pillar is company-owned fashion brands In fiscal 2018, sales in the group's "Owned brands category" were flat at $204.9 million. . Source