Movado Group, Inc. (NYSE: MOV) announced today that Vincent Perriard, Global President of Concord, will leave the company. The Concord brand was re-launched with bold new designs in 2007 and their C1 Quantum Gravity Tourbillon won the design award at the 2008 Grand Prix d’Horlogerie de Geneve. Concord will continue to develop the Quantum Gravity and the C1 collection.
“We have an exciting product development schedule and the market has responded favorably to our innovative and cutting-edge new products. Our excellent management team in Switzerland and around the world will support the Concord brand over the interim,” reports Movado Group Inc. Chairman, President and CEO, Efraim Grinberg. Movado Group, Inc. will release information regarding the new Concord management team in the upcoming weeks.
Movado Group, Inc. designs, manufactures, and distributes Movado, Ebel, Concord, ESQ, Coach, Hugo Boss, Lacoste, Juicy Couture and Tommy Hilfiger watches worldwide and operates Movado boutiques and Company stores in the United States.