Movado Group amends license agreement with Tapestry, revising pricing and sales minima

MOVADO GROUP INC

Second Amendment to license agreement with Tapestry effective Aug 25, 2021.
Pricing revised for sales to Tapestry retail outlets; new definition of Licensor Price with redacted percentages.
Sales minima revised: prior separate U.S./international minima combined into single annual minimum for FY2021-FY2025.
Minimum Non-Licensor Channel Sales set for each contract year (amounts redacted).
Termination provision modified: failure to meet sales minima not a default if minimum royalties are paid.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.