Movado extends Lacoste license to 2031, adds jewelry to product line

MOVADO GROUP INC

MGI (Movado Swiss sub) entered amended license with Lacoste S.A.S., extending expiration from Dec 31, 2022 to Dec 31, 2031.
Licensed products expanded to include jewelry in addition to watches.
Royalty rates, sales minima, minimum royalties, and minimum advertising expenditures specified through the extended term.
Other material provisions of the agreement remain substantially unchanged from the 2014 prior license agreement.

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