Movado’s Second Quarter Net Profit Increased By 55% And Stock Price Rose By 8%

Movado Group Inc. (NYSE: MOV), a US watch manufacturer and distributor, announced today its second quarter financial results. As of July 31, 2013, Movado Group Inc. (NYSE: MOV) Movado’s net sales increased by 17.2% to $ 118 million; operating profit increased by 59% to $ 17.04 million; net profit increased by 55.6% to $ 12.654 million. Movado Group Inc. (NYSE: MOV) ‘s stock price rose 8% after the market, and continues to climb, as of the time of the non-Fashion Chinese network release time reported to $ 41.04.

Movado Group Inc. (NYSE: MOV) Chairman and Chief Executive Officer Efraim Grinberg said in the financial report that the surge in sales and operating profits in the second quarter continued the strong momentum of this financial year, and the growth was mainly due to Movado Tuo brand and company agency brand innovation. However, the innovation described by Efraim Grinberg has been ridiculed earlier. In the middle of this month, Audemars Piguet Holding SA sued Tommy Hilfiger and its agent Movado Group Inc. (NYSE: MOV) for plagiarizing Audemars Piguet love. The design of the Royal Oak Royal Oak series, Tommy Hilfiger’s Eton series and Audemars Piguet Royal Oak Royal Oak series are designed with octagonal plus thread.

Efraim Grinberg also said that the new Scuderia Ferrari watch brand agency business and Coach’s repositioning also contributed a lot to the growth of the second quarter. In addition, the timing of the Baselworld Baselworld Jewellery Show also contributed to the second quarter results. help.

As of July 31, 2013, the second quarter of fiscal 2014, Movado Group Inc. (NYSE: MOV) net sales of Movado increased by 17.2% to $ 138.3 million, compared with $ 118 million in the same period last year; gross profit increased by 13.8% to 74.818 US dollars, US $ 65.758 million in the same period last year; gross profit margin decreased by 160 basis points to 54.1%, and the same period last year was 55.7%. The decrease in gross profit margin was mainly damaged by changes in channels and product mix, which partially offset leverage income and favorable exchange rates; operating Profit increased by 58.5% to US $ 17.04 million, compared to US $ 10.749 million in the same period last year; Net profit increased by 55.6% to US $ 12.654 million or US $ 0.48 in earnings per share, compared to US $ 8.154 million or US $ 0.32 in earnings per share in the same period last year; EBITDA amortization, depreciation Earnings before interest, taxes and taxes increased to US $ 20.1 million, compared with US $ 13.4 million in the same period last year.

As of July 31, 2013, the first half of fiscal year 2014, Movado Group Inc. (NYSE: MOV) net sales of Movado increased by 12.0% to $ 248.3 million, compared with $ 221.7 million in the same period last year; gross profit increased by 7.9% to US $ 134.7 million, compared to US $ 124.8 million in the same period last year; operating profit increased 40.6% to US $ 27 million and US $ 19.2 million in the same period last year; net profit was 40.8% to US $ 20.7 million or earnings per share of US $ 0.80, compared to US $ 14.7 million in the same period last year or Earnings per share were $ 0.58; EBITDA amortization, depreciation and EBITDA increased from $ 24.9 million in the same period last year to $ 32.8 million.

Movado Group Inc. (NYSE: MOV) Rick Coté, president and chief operating officer of Movado Group, said he is very optimistic to see the group’s operating margin increase by 320 basis points to 12.3%. Given the strong growth in the first half of the fiscal year, it will be expected throughout the year Increased from previous earnings of $ 1.80 to $ 1.90 per share, while increasing net sales from the previous 12% to 13%, or increased sales expectations from $ 570 million to $ 575 million to $ 575 million To $ 580 million.

Seiko And The Best Combination Of Alcohol And Wine Eristoff Limited Joint Watch

High-quality watches and top-grade alcoholic drinks have always been the focus of men’s attention. Japanese watchmaker SEIKO’s brand series Brightz has been cooperating with the BACARDI brand, one of the world’s largest wine merchants, since 2012. It has been well received by the market and watch fans. Today (12/26) announced that it will work with BACARDI again. In cooperation with Eristoff, the most representative aristocratic brand of vodka, launched a joint design watch (SDGC027J), which allows all gentlemen who have taste and pursue uniqueness, to show the calm aristocratic temperament and distinctive charm like a snow wolf. Suggested selling price NT $ 47,500, limited to 500 in the world, and limited to 30 in Taiwan.

 SEIKO Brightz x Eristoff joint limited edition (limited to 30 in Taiwan), priced at NT $ 47,500.

 The SEIKO Brightz mechanical watch, in collaboration with BACARDI for the second consecutive year, transformed Eristoff with a strong alcoholic fragrance into a watch design. Eristoff is a brand of the former Soviet Union’s Georgian country. In Russian, it means ‘the head of the military’, and SEIKO Brightz, a very mature man, launched a legendary joint watch. Eristoff was tasted by the Prince of the Georgian State of the former Soviet Union in 1806. It was originally used as a noble royal wine, so it has a very special and unique royal flavor. Its brand logo, Snow Wolf, also corresponds to its geographical location since ancient times For Snow Wolf’s habitat, it suddenly became a part of the local culture. Since then, it has clearly established the brand image of Eristoff with a sense of arrogance and nobility.

 Consistent with SEIKO, it owns the brand spirit of ‘Persist in Perfection and Absoluteness’, and also has the development spirit that can overcome difficulties even under severe environment, and persists in applying it to the perfection and absoluteness in the development of boutique products. SEIKO and Eristoff launched a limited joint watch in the fall and winter, creating a brand story legend.

Seize the Seiko pursuit of extreme excellence
Brightz x Eristoff’s Perfect Time

 Brightz’s high-quality and high-performance watch series created by SEIKO for business people. This time, the new joint watch model (SDGC027J) launched by the former Soviet Georgia’s noble alcohol brand Eristoff combines the original SEIKO mechanical watch. The beauty of craftsmanship and technology, and the aristocratic flavor of Eristoff’s iconic snow wolf. This joint watch is designed with the polar snow wolf and its environment in mind, such as the midnight blue in the polar region and the bright crescent moon. Watch design. Through the combination of top-notch watches and alcoholic wine brands, they can convey a multi-level emotion that has both unique taste and inner-hearted spirit.

 In this design, Eristoff’s unique Polar Midnight Blue is displayed on the faceplate color and see-through back cover. With the three-dimensional power reserve display function in the direction of 9 o’clock, it appropriately depicts the crescent night and the deep snow. The group of snow wolves met the sharp new moon and the roaring sky, like the chic charm of a man in a wild moment. The 12 o’clock position scale is inspired by the sharp silver teeth representing the snow wolf. The radial pattern on the faceplate symbolizes the shiny fur color of the snow wolf.

Combining watches with mellow wine
Let pleasure be completely liberated in will

 This model is equipped with a 6R21 automatic and bracelet mechanical movement, and has the same midnight blue color see-through back cover as the dial, which can clearly see the precision swinging automatic movement. The stainless steel body and the Super Clear Coating developed by SEIKO are applied on the sapphire crystal surface to make it more transparent and improve the visibility. SEIKO Brightz x Eristoff limited co-branded models. Every purchase comes with an exclusive Eristoff watch box and replaceable crocodile leather strap. This allows men who love mechanical watches to better understand the occasional liberation of themselves in life.

Terry Stein, President Of Patek Philippe, Called On Baselworld And Sihh To Work Together To Coordinate The Time

At present, Baselworld is facing pressure from Swatch Group, Raymond Weil and Le Méridien to withdraw from the 2019 exhibition, but the president of Patek Philippe Teri · Thierry Stern still believes that the show will play a key role in the future.

 In an interview with Reuters, Teri Stearns insisted that Baselworld is still an important platform for Patek Philippe to meet with retailers and industry reporters. ‘But the date of the event needs to be coordinated with SIHH, which is the key to the future success of the show.’
 Terry Stein’s speech always has an important weight and influence in the watchmaking industry. With the withdrawal of Richard Mille and Audemars Piguet from SIHH, the management team of the two exhibitions will face increasing pressure. , The best response is to work together to find a solution that is not only beneficial to itself, but also promotes the development of the entire watchmaking industry.
 Data from the Swiss Watch Industry Federation (FH) shows that in September 2018, Swiss watch exports fell by 6.9% year-on-year, which is the first monthly decline in Swiss watch exports since April 2017. But Teri Stein made a positive evaluation of Patek Philippe’s global business and clarified concerns about the slowdown of the Chinese luxury market. He said: ‘The demand in mainland China has steadily increased and we can sell more watches every month. ‘
 Teri Stein also revealed that Patek Philippe will not follow the trend and open a single-brand boutique or adopt a more direct e-commerce model. ‘Our specialty is the production of watches and we have no ambition to control the global distribution network.’ It is too risky to control the entire distribution network exclusively, or to open too many self-operated stores. This is great news for Patek Philippe retail partners. (Photo / text watch home Xu Chaoyang)

Bao Di Marine Marine Series National Tour Exhibition Explore The Unknown · Breaking Wave Pioneer

On May 10, 2019, the national tour of the Breguet Marine Navigation Series opened in China Resources Vientiane City, Chongqing. The theme of the exhibition is ‘Exploring the Unknown · Breaking Wave Pioneer’, detailing the brand’s deep love for the blue sea. The design is inspired by the azure ocean, and the chic wavy patterns on the floor of the exhibition hall delicately interpret the exclusive engraved flower pattern on the dial of the new Marine nautical series. Stepping into the exhibition hall, the dynamic waves and waves make the visitors feel as if they are in the deep ocean, exploring the historical origins between Baodi and sailing in an elegant and quiet atmosphere. At the entrance of the exhibition hall, a model of a ‘Marine Guard’ ship accompanies guests to start this extraordinary sailing journey. On May 10, 2019, the national tour of the Breguet Marine series was launched in China Resources Vientiane City, Chongqing. The theme of the exhibition is ‘Exploring the Unknown · Breaking Wave Pioneer’, detailing the brand’s deep love for the blue sea. The design is inspired by the azure ocean, and the chic wavy patterns on the floor of the exhibition hall delicately interpret the exclusive engraved flower pattern on the dial of the new Marine nautical series. Stepping into the exhibition hall, the dynamic waves and waves make the visitors feel as if they are in the deep ocean, exploring the historical origins between Baodi and sailing in an elegant and quiet atmosphere. At the entrance of the exhibition hall, a model of a ‘Marine Guard’ ship accompanies guests to start this extraordinary sailing journey.

National Tour of the Breguet Marine Navigation Series Chongqing Station
  The story goes back to 1814. That year, the founder of the brand, Mr. Abraham-Louis Breguet, was appointed by King Louis XVIII of France as a member of the French Longitude Committee. Mr. Bao Youyou is good at navigating longitude, which is the well-deserved authority and the only representative in the horological field. In 1815, he was awarded the honorary title of ‘French Royal Navy Watchmaker’. This supreme honor has established Mr. Breguet’s outstanding position as the royal watchmaker in the maritime field of France, and guided Breguet to the journey of maritime watchmaking.

National Tour of the Breguet Marine Navigation Series Chongqing Station
  For more than 200 years, Breguet has left countless immortal deeds in the maritime field. Today, Breguet continues to write a new chapter in sailing, concludes a partnership with the Ocean Conservation Foundation, fully supports Odyssey sailing projects, and fulfills important marine missions. In order to evoke contemporary people’s awareness of marine protection and promote this project, Breguet set up a touch screen at the exhibition site for interactive experience of the guests, clearly showing the global voyage of the brand and the Marine Protection Foundation. Innovative installations and fascinating content attract visitors to stop and experience, immersed in the maritime feelings that are always engraved in the brand’s deep heritage, and that forward-looking sense of social responsibility.

National Tour of the Breguet Marine Navigation Series Chongqing Station
  To pay tribute to the founder of the brand, Mr. Abraham-Louis Breguet, who was awarded the ‘Royal Watchmaker of the Royal French Navy’, Breguet launches the Marine watch series, drawing inspiration from the brand’s deep history of marine watchmaking Incorporating dynamic elements in elegant high-end watches. It is also under the guidance of this unremitting exploration and innovation spirit that the Marine Marine series watches open up a new continent in the field of marine watchmaking. Today, the brand continues to break through innovation with modern aesthetic style and excellent watchmaking technology, opening up new possibilities for the high-end watch industry.

Breguet Marine series

Breguet Marine series
  Among the many models on display at the exhibition, the Breguet Marine Marine Series 5887 time equation watch is undoubtedly one of the eye-catching models. Adhering to the brand’s deep historical heritage in the field of time equations, this watch uses the extremely mysterious and precise “real time display time equation” in the watch industry, which is a complex structure that only a few highly skilled clock masters can complete. Not only that, this watch also broke the limit again, integrating the three complex functions of time equation, perpetual calendar and tourbillon, highlighting Breguet’s outstanding position in the field of advanced watchmaking with complex functions.

Marine 5887 time equation watch
  The Marine Series 5517 is one of the masterpieces that reinterpret Breguet’s maritime aesthetics. The simple design contains rich nautical elements: the movement plywood is engraved with the “Geneva Stripe” inspired by the deck of the ship (Côtes de Genève). pattern); the tip of the second hand is decorated with the letter ‘B’ based on the maritime signal flag design, which represents the nautical term ‘Bravo’ and also represents Breguet; the inspiration for the oscillating movement of the movement comes from the rudder of the ship and so on. Every detail echoes the nautical style, fully interpreting the brand’s long history in the field of nautical watchmaking.

Marine 5517
  In 1820, Mr. Breguet developed a ‘dual-second hand chronograph that can read the time period’, which is the undisputed originator of the two-second hand chronograph. This work provides inspiration for design in all areas of the watchmaking industry, especially in the field of chronograph creation. The new Marine Nautical Series 5527 chronograph is in the same vein as the overall nautical style, and the wavy decorative engraved flower pattern on the dial vividly depicts the magnificent beauty of the sea. The three small dials have different sizes, which gives the dial a more refined intention. Breguet incorporates new marine aesthetics with advanced watchmaking technology, demonstrating the renewal of modern chronographs.

Marine 5527 chronograph
  The Marine 5547 Music Alarm Clock is a timepiece that combines elegant art style and superb watchmaking technology, equipped with at least three complex functions. Among them, the alarm function is one of the most fascinating features of this watch. After the alarm is activated, a ‘ship bell’ pattern will be displayed in an opening at 12 o’clock, reminiscent of Breguet and sailing. A long history. The dial’s uneven pattern design also clearly shows the watch’s many complex functions such as the second time zone, date display and power reserve.

Marine nautical series 5547 music alarm watch
  The Marine Series 5829 Fine Jewelry Chronograph is undoubtedly the wrist watch for those who look forward to outstanding sports timing and elegant design. The watch draws on the main features of the Marine Marine Series 5827 chronograph, and collects precious and precious precious stones, carefully inlaid on the watch, and complements the delicate and engraved wave pattern decoration, expressing the fusion of elegance and dynamics.

Marine 5829 Fine Jewelry Chronograph
  The national tour of the Breguet Marine Marine Series will be open to the public from May 10, 2019 to May 26, 2019 in the atrium of Vientiane City, Chongqing, for guests to enjoy the Breguet Marine Marine series timepieces up close, taste exquisite watchmaking technology and The subtle fusion of modern nautical aesthetics, together with Breguet, looks back on the long history between the brand and the history of navigation. Breguet also invites you to visit the boutique in Vientiane City, Chongqing, with professional customer service, to appreciate the excellent timepieces with you and feel the brand’s unremitting pursuit of timepieces.
Breguet sincerely invites you to visit the tasting Marine Navigation Series national tour exhibition-Chongqing Station
Exhibition Information:
Time: May 10, 2019 to May 26, 2019
Address: Atrium L1, Chongqing China Resources Vientiane City, Xiejiawan Main Street, Jiulongpo District, Chongqing City
Baodi Boutique-Chongqing Vientiane City Store
Address: Shop L197, L1, Chongqing China Resources Vientiane City, Xiejiawan Main Street, Jiulongpo District, Chongqing
For more information: (023) 6816 3655