BNET Industries
Market Cap:$187.0M
Last Fiscal Year Sales:$559.5M
- Public
- US
Dow Jones Description
Mfr., Designer/Distributor of Watches & Small Accessories
Number of Employees 1,300
Peer Companies
NAICS Code Luggage and Leather Goods Stores: 44832
Recent Events
-
Analyst upgrades Movado shares to 'Buy'
-
Movado posts surprise profit
-
Movado appoints Gringberg president of Concord
-
Movado Swings to Loss, Sales Drop
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Jeff Cohen is new president of Movado and ESQ
News & Analysis
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movado group inc. - All News and Analysis
Movado Group, Inc. F2Q10 (Qtr End 07/31/09) Earnings Call Transcript
Movado Group, Inc. MOV F2Q10 Earnings Call September 3, 2009 10:00 am ET
Movado Group, Inc. F2Q10 (Qtr End 07/31/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions The first question comes from the line of Jeff Blaeser - Morgan Joseph & Co., Inc. Jeff Blaeser - Morgan Joseph & Co., Inc. A quick question on the G&A line in terms of the variability of it. If we were to...
Movado Leads Luxury Retailers Despite Slower U.S. Growth
John C. Lee submits: On Thursday, September 4, pre-market, Movado Group Inc. MOV announced Q2 earnings of $0.32 per share or $8.1 million on $129.7 million in revenue vs. $0.45 per share or $12.3 million on $139.5 million in revenue, a drop of 34% in income and a drop of...
Movado Group, Inc. F2Q09 (Qtr End 07/31/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Jeff Blaeser - Morgan Joseph & Co., Inc. Jeff Blaeser - Morgan Joseph & Co., Inc. Can you give us an idea of the timing of the cost reductions second half of this year and next year in terms...
Movado Group, Inc. F1Q09 (Qtr End 04/30/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Jeff Blaeser – Morgan Joseph Jeff Blaeser – Morgan Joseph Quick question on gross margins, I would estimate that the Movado line has probably one of the stronger gross margins and licenses lower due to...
Movado Group F4Q08 (Qtr End 2/24/08) Earnings Call Transcript
Question-and-Answer Session Operator Our first question is coming from Jeff Blaeser - Morgan Joseph. Jeff Blaeser - Morgan Joseph A quick question on the ERP system, once you decide to go live how long do you think it’ll take to completely integrate it and be comfortable with...
Movado Group F3Q08 (Qtr End 10/31/07) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Jeff Blaeser with Morgan Joseph. Jeff, your line is live. You may ask your question. Thank you. Your next question is coming from Jody Kane with Sidoti & Company. Jody Kane - Sidoti & Company Thanks. Just...
Movado Group F1Q08 (Qtr End 4/30/07) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Jeff Blaeser - Morgan Joseph. Jeff Blaeser - Morgan Joseph Good morning. Thank you for taking my question. First one I guess comes to your guidance. It looks like you maintained the guidance that...
Movado Group F4Q07 (Qtr End 1/31/07) Earnings Call Transcript
Question-and-Answer SessionOperator Ladies and gentleman at this time we will be opening up the call for the question and answer session. Please press *1 on your touch-tone phone if you would like to ask a question. In order to allow time for everyone’s inquiries to be answered management...
BREIFINGS.(endorsements of Tom Brady and Movado Group Inc.)(Samsonite acquires Lambertson Truex)(Federated Department Stores sells venerable Strawbridge's store to Pennsylvania Real Estate Investment Trust)
Three-time Super Bowl-winning quarterback Tom Brady has signed on to appear in advertising for Movado Series 800 watches. He joins a roster of brand ambassadors that includes Mikhail Baryshnikov, Pete Sampras and Wynton Marsalis. U.K.-based Samsonite, the world's largest luggage maker, acquired a...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Efraim Grinberg | CEO |
| Eugene J. Karpovich | Cfo |
| Richard J. Cote | Coo & Executive Vice President |
| Richard J. Coté | Coo |
| Joe Zanone | Senior Vice President |
| Frank V. Kimick | Treasurer, Vice President & Assistant Secretary |
| Sarah Bennett | Director, Marketing |
| Suzanne Michalek | Director, Corp Communications & Investor Relations |
| Timothy F. Michno | General Counsel |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Leonard L. Silverstein | Board Director |
| Margaret Hayes Adame | Board of Directors |
| Michael J. Hand | Board of Directors |
| Richard D. Isserman | Board of Directors |
Mr. E. Grinberg joined the Company in June 1980 and served as the Company's Vice President of Marketing from February 1985 until July 1986, at which time he was elected to the position of Senior Vice President of Marketing. In 1988, Mr. E. Grinberg was elected to the Board of Directors of the Company. From June 1990 to October 1995, Mr. E. Grinberg served as the Company’s President and Chief Operating Officer and since October 1995 served as the Company’s President. In May 2001, Mr. E. Grinberg was elected to the position of President and Chief Executive Officer. Mr. E. Grinberg also serves on the Board of Directors of Lincoln Center for the Performing Arts, Inc., the American Watch Association and the Jeweler’s Security Alliance.
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | CEO | Current |
| Movado Group, Inc. | Board of Directors | Current |
| Lincoln Center for the Performing Arts, Inc. | Board Director | Current |
| Mgi Luxury Group | President | Former |
| Movado Group, Inc. | President | Former |
| Movado Group, Inc. | Coo | Former |
| Movado Group, Inc. | Senior Vice President of Marketing | Former |
Mr. Karpovich joined the Company in 1998 as CFO for the Movado brand. From 2000 to 2001 he was Vice President, Financial Planning for the Company. He was promoted to Senior Vice President and Chief Financial Officer in October 2001. Before joining the Company, Mr. Karpovich had been the CFO of the watch company Wittnauer International, Inc., a subsidiary of Westinghouse Electric Corporation, Inc., where he was employed for 23 years.
| Organization | Position | Status |
|---|---|---|
| Movado | Senior Vice President and Chief Financial Officer | Current |
| Movado Group, Inc. | Cfo | Current |
| Movado Group, Inc. | Senior Vice President | Current |
| Movado Group, Inc. | Board of Directors | Current |
| Movado Group, Inc. | Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | Coo & Executive Vice President | Current |
| Movado Group, Inc. | Board of Directors | Current |
Mr. Coté joined the Company in January 2000 as Executive Vice President – Finance and Administration. In May 2001 Mr. Coté’s title was changed to Executive Vice President - Chief Operating Officer. Prior to joining the Company, Mr. Coté worked for Colgate-Palmolive, where, from 1998 to 2000 he was Vice President and Chief Financial Officer for U.S. operations, and from 1993 to 1998, he was Vice President and Chief Financial Officer for Asia/Pacific operations.
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | Coo | Current |
| Movado Group, Inc. | Board Director | Current |
| Colgate-Palmolive Company | Chief Financial Officer, U.S. Operations | Former |
| Movado Group, Inc. | Executive Vice President | Former |
| Colgate-Palmolive Company | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | Senior Vice President | Current |
Mr. Kimick joined the Company in 1996 as Assistant Treasurer and in May 2001 was promoted to Vice President, Treasurer. Mr. Kimick is responsible for worldwide treasury operations, banking relationships and all aspects of cash and risk management. Before joining the Company, Mr. Kimick had been the Treasurer for Sunshine Biscuits, Inc. and held several treasury and consulting positions at other organizations.
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | Treasurer, Vice President & Assistant Secretary | Current |
| Movado Group, Inc. | Treasurer | Current |
| Movado Group, Inc. | Assistant Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | Director, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | Director, Corp Communications & Investor Relations | Current |
Mr. Michno joined the Company in April 1992 and since then has served as its Secretary and General Counsel. He has been engaged in the practice of law since 1983. Immediately prior to joining the Company and since 1986, he was an associate at the New York firm of Chadbourne & Parke. From 1988 to 1991 he served as a resident outside counsel to Fortune Brands, Inc. (formerly known as American Brands, Inc.), a consumer products company.
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | General Counsel | Current |
| Movado Group, Inc. | Secretary | Current |
| Fortune Brands, Inc. | Resident Outside Counsel | Former |
Leonard Silverstein is the co-founder of Silverstein and Mullens, now a division of Buchanan Ingersoll, a law firm with offices in the United States and London. Mr. Silverstein serves as Founder and Chief Editor of the Tax Management publication series, regarded as the most authoritative private publication in the U.S. tax field. Formerly, Mr. Silverstein served as an attorney in the Office of Chief Counsel for the Internal Revenue Service, on the legal advisory staff of the Treasury Department, on the Advisory Group of the House Ways and Means Committee, as Executive Director of the "Filer" Commission on Private Philanthropy and Public Needs, on President Reagan's Committee on the Arts and Humanities, as Chairman of President-Elect Nixon's Task Force on Taxes, and as a member of the Advisory Commission on Public Diplomacy. Mr. Silverstein is a member of the Board of Directors of the Movado Group, Inc., Chevy Chase Bank, the National Symphony Orchestra, the John F. Kennedy Center for the Performing Arts, the White House Historical Association, the French-American Foundation and the Choral Arts Society of Washington. He is also treasurer of the Madison Council of the Library of Congress. Mr. Silverstein received his law degree from Harvard University and his undergraduate degree from Yale University.
| Organization | Position | Status |
|---|---|---|
| Tax Management, Inc. | Founder and Chief Editor | Current |
| National Symphony Orchestra | Member | Current |
| White House Historical Association | Member | Current |
| John F. Kennedy Center for the Performing Arts | Honorary Trustee | Current |
| Buchanan Ingersoll Professional Corporation | Current | |
| John F. Kennedy Center for the Performing Arts | Board Member | Current |
| Tax Management, Inc. | Board Director | Current |
| Stone Canyon Venture Partners, L.P. | Board of Directors | Current |
| Movado Group, Inc. | Board Director | Current |
| National Symphony Orchestra | Board Member | Current |
| White House Historical Association | Board Member | Current |
| Chevy Chase Bank | Board of Directors | Current |
| Tax Management, Inc. | Vice President & Director | Former |
| Movado Group, Inc. | member | Former |
| Internal Revenue Service | Attorney | Former |
| John F. Kennedy Center for the Performing Arts | Vice Chairman | Former |
| Internal Revenue Service | Advisory Board | Former |
| Harvard University | Law Degree | Former |
| Yale University | Undergraduate Degree | Former |
| Harvard University | Degree | Former |
| Yale University | Undergraduate | Former |
Margaret Hayes Adame is President of Fashion Group International, an international trade organization with a network of over 6,000 dynamic professionals of achievement and influence from all areas of fashion and related industries including apparel, accessories, beauty, publishing, retailing, and interior design. She also serves as a Director of Movado Group, Inc. Ms. Adame has been a member of IFF's Board of Directors since 1993 and serves on the Audit Committee, which oversees the financial operations of IFF and the Company's relationship with its independent accountants.
| Organization | Position | Status |
|---|---|---|
| International Flavors & Fragrances, Inc. | Board of Directors | Current |
| Movado Group, Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Movado Group, Inc. | Board of Directors | Current |
| Movado Group, Inc. | Vice President & Controller | Former |
| Organization | Position | Status |
|---|---|---|
| Long Island University | Faculty | Current |
| Yeshiva University | Faculty | Current |
| Movado Group, Inc. | Board of Directors | Current |
| American Institute of Certified Public Accountants | Board Member | Current |
Executive News
-
Movado appoints Gringberg president of Concord
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