STOCK TITAN

Calvin Klein watch license with Movado (NYSE: MOV) extended to 2029

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Movado Group, Inc. entered into a new letter agreement with Calvin Klein, Inc. extending their existing license agreement by three years, through December 31, 2029. The arrangement continues to cover Movado and its wholly owned subsidiaries Swissam Products Limited and MGI Luxury Group Sárl, with other material terms remaining substantially unchanged.

Positive

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  • None.

Insights

Movado secured a three-year extension of its Calvin Klein licensing partnership through 2029, preserving a key brand relationship.

The company extended its existing license agreement with Calvin Klein, Inc. to December 31, 2029, via a letter agreement. The filing states that other material provisions of the prior agreement remain substantially unchanged, indicating continuity rather than a strategic shift in economics or scope.

This kind of multi-year renewal supports stability in Movado's licensed-brand portfolio, which can be important for category reach and distribution, but the excerpt does not quantify sales or profit contribution. Investors must look to future company filings for any financial detail on the Calvin Klein line's performance under the extended term.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Material Definitive Agreement regulatory
"Item 1.01. Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
License Agreement financial
"the License Agreement between the Company and Calvin Klein, Inc. dated as of August 19, 2020"
A license agreement is a contract where the owner of intellectual property, technology, a brand, or other rights gives another party permission to use those assets under specified conditions, usually for fees, royalties or other payments. For investors it matters because such deals create or limit predictable revenue streams, affect profit margins, transfer legal and commercial risk, and can determine how quickly a company can grow — like renting out a patented tool to earn steady income while keeping ownership.
letter agreement financial
"entered into a letter agreement (the “Extension Letter”)"
wholly owned subsidiaries financial
"its wholly owned subsidiaries Swissam Products Limited and MGI Luxury Group Sárl"
false 0000072573 0000072573 2026-03-30 2026-03-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): March 30, 2026

 

MOVADO GROUP, INC.
(Exact name of registrant as specified in its charter)

 

New York 1-16497 13-2595932
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)

 

650 FROM ROAD, SUITE 375

PARAMUS, NJ 07652-3556

(Address of principal executive offices) (Zip Code)
 
(201) 267-8000
(Registrant’s Telephone Number, Including Area Code)
 
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)  

Name of each exchange

on which registered

Common stock, par value $0.01 per share   MOV   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On March 30, 2026, Movado Group, Inc. and its wholly owned subsidiaries Swissam Products Limited and MGI Luxury Group Sárl (collectively, the “Company”) entered into a letter agreement (the “Extension Letter”) pursuant to which the License Agreement between the Company and Calvin Klein, Inc. (“CKI”) dated as of August 19, 2020 (the “Existing Agreement”) was extended for an additional three years ending December 31, 2029.

 

The other material provisions of the Existing Agreement remain substantially unchanged.

 

The foregoing description of the Extension Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Extension Letter, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
10.1*  

Letter agreement among Movado Group, Inc., Swissam Products Limited, MGI Luxury Group Sárl and Calvin Klein, Inc. dated March 30, 2026

104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

*Certain portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K. The Company agrees to furnish supplementally an unredacted copy of the exhibit to the Securities and Exchange Commission upon its request.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: April 1, 2026

 

  MOVADO GROUP, INC.  
       
  By: /s/ Mitchell Sussis  
  Name: Mitchell Sussis  
  Title: Senior Vice President, General Counsel and Secretary  

 

 

 

 

FAQ

What agreement did Movado Group (MOV) extend with Calvin Klein?

Movado Group extended its existing License Agreement with Calvin Klein, Inc. through a new letter agreement. The deal continues the prior arrangement between Movado, its subsidiaries, and Calvin Klein while keeping other material provisions of the original 2020 agreement substantially unchanged.

How long is the Movado–Calvin Klein license agreement now in place for MOV?

The Movado–Calvin Klein license agreement has been extended for three additional years, now running through December 31, 2029. This extension builds on the original August 19, 2020 agreement and maintains the relationship over a clearly defined multi-year period.

Did Movado change key terms in its Calvin Klein license extension for MOV?

Movado stated that the other material provisions of the existing license agreement with Calvin Klein remain substantially unchanged. This suggests the extension primarily impacts the agreement’s duration, while core commercial and legal terms continue under the prior framework from August 2020.

Which Movado subsidiaries are parties to the extended Calvin Klein license?

The extended license includes Movado Group, Inc. and its wholly owned subsidiaries Swissam Products Limited and MGI Luxury Group Sárl. All three entities are signatories to the March 30, 2026 letter agreement with Calvin Klein, Inc., maintaining the existing multi-entity structure of the relationship.

Where can investors find the full text of Movado’s Calvin Klein extension?

The full text of the Calvin Klein extension is filed as Exhibit 10.1 to Movado Group’s current report. The company notes that its brief description is qualified in its entirety by this exhibit, which is incorporated by reference for complete contractual details.

Filing Exhibits & Attachments

4 documents