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Acquiring Olivia Burton and MVMT has broadened Movado's appeal to a younger generation.
(NYSE: MOV) has closed the acquisition of MVMT Watches Inc., the owner of aspirational lifestyle brand MVMT, the company said.
Movado Group Inc (NYSE:MOV) revealed on Tuesday that it closed its acquisition of MVMT Watches Inc, the owner of MVMT (MVMT) lifestyle brand.
The Company also recorded a $1.0 million pre-tax charge, with a related tax benefit of $0.2 million, or $0.04 per diluted share, associated with professional fees in conjunction with the previously announced MVMT acquisition.
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