04/01/2026 | Press release | Distributed by Public on 04/01/2026 15:01
Item 1.01. Entry into a Material Definitive Agreement.
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.
The other material provisions of the Existing Agreement remain substantially unchanged.
The foregoing description of the Extension Letter does not purport to be complete and is qualified in its entirety by reference to the full text of the Extension Letter, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.