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Endpoint: Movado



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created on: 14/12/2023
by: Lo55o (12478)
 
 

Brand properties

General info :
Movado is an American watch brand originally founded in 1881 in Switzerland and currently owned by Movado Group, Inc.
Movado means "movement" in Esperanto. The watches are known for their signature metallic dot at 12 o'clock and minimalist style. The company is best known for its Museum Watch.

Movado Group's brands include Movado, Concord, EBEL, Olivia Burton and MVMT, plus licensed brands Coach, Hugo Boss, Lacoste, Tommy Hilfiger and Calvin Klein.
Movado previously manufactured other licensed brands, plus previously owned Piaget.

The company was founded by Achille Ditesheim in 1881 in the watch-making town of La Chaux-de-Fonds. The Ditesheim family, a Jewish watchmaker family, owned several companies in the area.
In 1892, the brothers Leopold, Achille, and Isidore combined their separate businesses to create "L.A. & I. Ditesheim, Fabricants".

In 1983, the company was purchased by North American Watch Corp, founded by Gedalio Grinberg, a Cuban-born Jew, who fled Fidel Castro's Marxist Revolution in 1960 with his family.
His son, Efraim Grinberg, is the chairman and chief executive officer of Movado Group, Inc. The North American President of Movado is Alan Chinich.

On February 23, 1999, Movado Group, Inc. completed the sale of Piaget business to VLG North America, Inc., for approximately $30 million. In August 2018, Movado acquired watch startup MVMT, which was founded in 2013, for more than $100 million.
Relations :
Founded by [1881] : Achille Ditesheim
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Brand name used by : Movado Group, Inc.
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Brand name used by [1983 -] : North American Watch Corp.
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(4 items)

Item number : 60872

Submitted by : Lo55o (12478)
on : 14/12/2023