Movado Group Inc. said Monday that it increased its ownership interest in its U.K. subsidiary MGS Distribution from Swico Ltd.
The Paramus, N.J.-based watchmaker grabbed a 90 percent stake in MGS, up from 51 percent. Since 2007, MGS has been operated as a joint venture between Movado and Swico, but the latest transaction terminated the venture between the two companies.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)