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March 30, 2007
Movado's 2006 Sales Shine
Movado Group’s 2006 earnings jumped 88 percent to $50.1 million, while sales for the year climbed 13 percent to $533 million.
The watchmaker expects a dip in earnings this year due to a higher tax rate, but that isn’t stopping the company from celebrating its 60th anniversary in fiscal 2008.
The anniversary will be marked by the debut Movado’s new Lacoste line of watches. The company also plans to highlight its heritage through new marketing campaigns and products.
Posted by Blacks on March 30, 2007 12:00 PM
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