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Watchmaker - Movado

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Watchmaker - Movado
Company Name Movado
Year Founded 1881
Termination Subsidiary
Successor/Parent Swatch (Details)
Country United States (Details)
Watchmaker - Movado



Company History: Movado is an American watchmaker that traces its origins to La Chaux-de-Fonds, Switzerland. It is best known for its Museum Watch. Movado means "always in motion" in Esperanto. The watchers are known for their signature metallic dot at 12 o'clock and minimalist style.

Movado was founded as LAI Ditescheim & Freres SA in 1881 in La Chaux-de-Fonds, Switzerland, by Léopold Achille Isidore Ditesheim. In 1905, the company changed its name to Movado. 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. In 2006, Movado celebrated its 125th year of watchmaking. 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 the watch startup MVMT, which was founded in 2013, for $ 100 million.

Brief History:
The U.S. is a country of 50 states covering a vast swath of North America, with Alaska in the northwest and Hawaii extending the nation’s presence into the Pacific Ocean. Major Atlantic Coast cities are New York, a global finance and culture center, and capital Washington, DC. Midwestern metropolis Chicago is known for influential architecture and on the west coast, Los Angeles' Hollywood is famed for filmmaking.


Item Links: We found: 1 different collections associated with Movado
Item created by: gdm on 2018-12-29 09:33:48. Last edited by gdm on 2020-05-10 15:40:44

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