By  on May 27, 2010

Movado Group Inc. said Thursday it will close all but one of its 27 boutiques by the end of June after several years of losses.

The Paramus, N.J.-based watchmaker estimated the move, which came after a strategic review, would lower annual revenues by about $30 million. The company expects an immediate impact on its bottom line.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus