Movado Group Inc.
Movado Group knows that time is of the essence. Its watch brands -- including namesake Movado, Concord, and Ebel, as well as the licensed Coach, Tommy Hilfiger, Hugo Boss, Lacoste, and Juicy Couture lines -- are sold worldwide. While its watches range in price from about $75 to $10,000 for luxury designs, the watch maker is focused on the middle market. Movado sells its watches to major jewelry store and department store chains (including Nordstrom and Macy's), as well as to independent jewelers (such as Zale Corp.). The company operates a growing chain of more than 35 outlet stores across the US. The family of the late Gerry Grinberg, who founded Movado, controls about 70% of the company's voting power.
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