MOVADO OPENINGS: Movado Group, Inc., has opened two more company-owned stores, in the Boston suburbs and Chicago, bringing its store count to 14. The Boston-area store is 2,800 square feet and located in the Chestnut Hill Mall in Chestnut Hill, Mass. The Chicago boutique is 2,400 square feet and is located in the Woodfield Mall in the northwest area of the city. Both stores include the full range of Movado merchandise, including watches, jewelry, home and decorative objects, and gift items. Movado executives declined to give sales projections for the stores and the company does not break out retail division sales. In the sixth months ended July 31, same-store sales jumped 25.7 percent, while overall sales gained 5.6 percent to reach $136.7 million.
CERRUTI’S VISION: Fin.part might have its financial problems, but that’s not stopping its best-known brand from inking fresh licensing deals. Cerruti and IT Holding unit Allison have signed a pact to produce and distribute men’s and women’s eyewear under the Cerruti 1881 label. The contract is for an initial five years, renewable for another five. The first 50 models will make their debut at Milan’s Mido trade fair next May. German firm Nigura currently produces Cerruti 1881 eyewear. Allison was unable to provide sales forecasts for the brand.
KENZER PROMOTES: Kenzer Corp., a New York-based executive search firm with a sizable retail practice, has promoted Neil Schor to regional vice president of the Southeast and Southwest. Schor, 56, had been a senior associate in Kenzer’s Atlanta office. Prior to joining Kenzer as an associate in 1995, Schor held senior merchandising and operations posts at various national specialty store chains and was a member of the founding team at J. Riggings. On Nov. 13, Kenzer emerged from Chapter 11 bankruptcy proceedings, reflecting a confirmed plan of reorganization that includes a restructuring of its debt obligations to J.P. Morgan Chase Bank, its secured creditor. The search firm was founded in 1973 by Robert D. Kenzer, who will continue to serve as president and chief executive officer. It serves clients in the manufacturing, food, entertainment, technology and financial industries, as well as retail.