News During the first quarter of this year, Movado increased sales by 11.9 % over the same period last year, to 53.3 million dollars. Despite this, however, the Bienne watch group sustained losses of 173,000 dollars, though this was due primarily to recently implemented "optimisation measures". During the first quarter of last year, the group enjoyed profits of 4.3 million dollars (7.05 million francs).
The American-owned Movado group, which is quoted on the Nasdaq in New York, employs around 150 people in Bienne and comprises the Movado, Concord, Vizio, ESQ and Coach brands.
June 26, 2000