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Old 25 August 2018, 02:16 AM   #1
uniqueMR
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MVMT watches bought by Movado Group

Wow

$200 million price tag for MVMT in 5 years?
Great job for a watch company that less watches less than $200 :)

https://www.forbes.com/sites/roberta.../#15368e4f6a8c

https://www.youtube.com/watch?v=U8xWpybUQUI
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Old 25 August 2018, 02:29 AM   #2
alex_moreno111
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good for them. Its always good to see a success story.
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Old 25 August 2018, 08:51 AM   #3
City74
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And Movado makes another bad business decision.....
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Old 26 August 2018, 01:49 AM   #4
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Good for the founders. And now they will be able to afford proper watches :-)
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Old 26 August 2018, 03:56 AM   #5
Justindo
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Quote:
Originally Posted by City74 View Post
And Movado makes another bad business decision.....
This. I don't see MVMT staying popular for long, even with Movado pumping money into it after it starts to fade. MVMT and Movado's other recent acquisition, Olivia Burton, are fad brands.

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Good for the founders. And now they will be able to afford proper watches :-)
And this. They sold at the right time.
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Old 26 August 2018, 10:13 AM   #6
haven_seeker
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My first nice watch was a Movado Esperanza....still have the watch 10 years later.

However Movado all but abandons older watches after a couple of years; there are no replacement parts available.

A watchmaker (from Movado) serviced my watch and the dial now has drag marks...apparently there's nothing I can do though because they don't have any spare dials left.

I'll never buy another one of their products again, despite absolutely loving their design.
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Old 26 August 2018, 10:28 AM   #7
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I'm glad so many entrepreneurs are cutting out the middleman and directly selling quartz watches with a higher markup than a Richard Mille
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