Movado Group subsidiary amends Hugo Boss license; term extended to 2031

MOVADO GROUP INC

MGI Luxury Group extended license with HUGO BOSS through Dec 31, 2031, with option to extend five more years.
Royalty rates revised; one-time fee paid for Hugo Boss 100th anniversary.
Sales minima and marketing expenditures updated for 2024-2026, set for 2027-2031.
New pricing for MGI sales to Licensor; prior overcharge settled with August 2023 payment.

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.