Movado Group extends Calvin Klein license agreement to 2029; modifies advertising terms

MOVADO GROUP INC

License extended for three additional years through December 31, 2029.
Advertising obligation for 2026 set at [***]% of net sales or $[***] (whichever [***]); only $[***] paid to CKI.
Non-compete, renewal, payment, and change-of-control provisions amended effective Jan 1, 2027.
Licensee must comply with PVH corporate responsibility guidelines and sanctions laws.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

MOVADO GROUP INC entered into Extension Letter with Calvin Klein, Inc. valued at License Agreement extended for additional three years ending December 31, 2029 (effective 2026-03-30).

Action: entry
Agreement: license
Counterparty: Calvin Klein, Inc.
Value: License Agreement extended for additional three years ending December 31, 2029
Effective: 2026-03-30

Exact text from the filing

On March 30, 2026, Movado Group, Inc. and its wholly owned subsidiaries Swissam Products Limited and MGI Luxury Group Sárl (collectively, the “Company”) entered into a letter agreement (the “Extension Letter”) pursuant to which the License Agreement between the Company and Calvin Klein, Inc. (“CKI”) dated as of August 19, 2020 (the “Existing Agreement”) was extended for an additional three years ending December 31, 2029.

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MOVADO GROUP INC filing history →

Source: SEC EDGAR

accession 0000950142-26-001010

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