15 Biggest Watch Companies in the World

13. Movado Group (NYSE:MOV)

Movado Group, Inc. is an American watchmaking company. Since 1881, Movado has been a brand in motion – always changing, always innovating, always moving forward. This quest for innovation has made them one of the world’s premier watchmakers, with a proud heritage of Swiss craftsmanship, design excellence, and technological innovation. Movado was founded as LAI Ditescheim & Freres SA in 1881 in La Chaux-de-Fonds, Switzerland, by Léopold Achille Isidore Ditesheim. In 1905, the company changed its name to Movado – a word meaning “always in motion” in the artificial, international language of Esperanto. In 1983, the company was purchased by North American Watch Corp, founded by Gedalio Grinberg, a Cuban-born Jew, who fled Fidel Castro’s Marxist Revolution in 1960 with his family. His son, Efraim Grinberg, is the chairman and chief executive officer of Movado Group, Inc. The company is best known for its Museum Watch – designed by the American designer Nathan George Horwitt in 1947 – the watch dial has a very simple design defined by a solitary dot at 12, symbolizing the sun at high noon. Movado Group’s brands include Movado, Concord, EBEL and MVMT, plus licensed brands Olivia Burton, Coach, Hugo Boss, Lacoste, Tommy Hilfiger, Scuderia Ferrari, Rebecca Minkoff, and Uri Minkoff. They have 1,140 employees. Movado Group has revenue of US$ 567.95 million, operating income of US$ 43.20 million, net income of S$ -15.23 million, total assets of US$ 645.38 million and total equity of US$ 470.34 million.

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