Movado Group expands BOSS license to jewelry, extends through 2026

MOVADO GROUP INC

Movado subsidiary MGI enters amended license with Hugo Boss for BOSS watches and new BOSS jewelry.
License period extended to December 31, 2026, with option to extend additional 5 years.
Movado guarantees MGI's financial obligations under the new agreement.
Changes to royalty rates, sales minima, and marketing expenditures specified; pricing for sales to Licensor set.

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