other material
confidence high
sentiment neutral
materiality 0.50
Movado Group extends Tommy Hilfiger license agreement through December 2029
MOVADO GROUP INC
- License agreement with Tommy Hilfiger Licensing extended for five years to Dec 31, 2029.
- Extension letter sets minimum sales thresholds and incremental marketing budget.
- All other terms of the original Jan 1, 2020 agreement remain unchanged.