On April 1, 2026, Movado Group, Inc. announced that it has entered into a letter agreement to extend its existing License Agreement with Calvin Klein, Inc. (CKI) for an additional three years, now set to expire on December 31, 2029. This extension, effective from March 30, 2026, allows Movado to continue leveraging the Calvin Klein brand for its product lines, which is expected to enhance its market presence and sales potential. The terms of the existing agreement remain largely unchanged, ensuring continuity in the partnership. This strategic move is anticipated to positively impact Movado's revenue streams and brand positioning in the competitive watch and accessories market. The company has been focusing on expanding its brand portfolio and this extension aligns with its long-term growth strategy. Investors may view this development favorably as it signifies Movado's commitment to maintaining strong brand partnerships, which can lead to sustained revenue growth in the coming years.

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