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uniqueMR · 25 August 2018, 02:16 AM

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

alex_moreno111 · 25 August 2018, 02:29 AM

good for them. Its always good to see a success story.

City74 · 25 August 2018, 08:51 AM

And Movado makes another bad business decision.....

vman · 26 August 2018, 01:49 AM

Good for the founders. And now they will be able to afford proper watches :-)

Justindo · 26 August 2018, 03:56 AM

Quote:

Originally Posted by City74

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.

Quote:

Originally Posted by vman

Good for the founders. And now they will be able to afford proper watches :-)

And this. They sold at the right time.

haven_seeker · 26 August 2018, 10:13 AM

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.

Star Ferry · 26 August 2018, 10:28 AM

I'm glad so many entrepreneurs are cutting out the middleman and directly selling quartz watches with a higher markup than a Richard Mille

26 August 2018, 01:49 AM	#4
vman 2024 Pledge Member Join Date: Dec 2007 Real Name: Capt Swerve Location: North Carolina Watch: less TV Posts: 2,230	Good for the founders. And now they will be able to afford proper watches :-) __________________ Collector and buyer of Lange, VC, Patek \| 2 FA Enabled

25 August 2018, 02:16 AM	#1
uniqueMR 2024 Pledge Member Join Date: May 2018 Location: USA Watch: P A T E K Posts: 4,706	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 __________________ A. Lange & Sohne \| Audemars Piguet \| F.P.Journe \| Omega \| Patek Philippe \| Rolex \| Tudor \| ...and Othersss

25 August 2018, 02:29 AM	#2
alex_moreno111 "TRF" Member Join Date: Aug 2017 Location: USA Posts: 218	good for them. Its always good to see a success story.

25 August 2018, 08:51 AM	#3
City74 Banned Join Date: Oct 2017 Real Name: Bradley Location: Virginia Watch: Speedy Reduced Posts: 727	And Movado makes another bad business decision.....

26 August 2018, 10:13 AM	#6
haven_seeker "TRF" Member Join Date: May 2015 Location: Northern Ontario Watch: 19018N OQ Posts: 848	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.

26 August 2018, 10:28 AM	#7
Star Ferry Banned Join Date: Aug 2015 Location: down by the river Posts: 4,926	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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