Movado Group Appoints Eran Cohen as CEO of MVMT

Rhea-AI Summary

Movado Group announced the appointment of Eran Cohen as the new CEO of its MVMT brand, effective March 16th. Mr. Cohen, previously CEO at St. John Knits, brings extensive experience in brand building and customer experience. He will operate from MVMT’s headquarters in Los Angeles, CA, reporting to Behzad Soltani, EVP Commercial President and CTO of Movado Group. Chairman Efraim Grinberg expressed optimism about Cohen's role in executing strategic priorities for MVMT, aiming for sustainable and profitable growth.

Positive

• Eran Cohen's extensive experience in brand building could enhance MVMT's market presence.
• Leadership change may bring fresh perspectives and strategic focus to MVMT.

Negative

• Concerns about continuity and integration with the existing leadership team.

PARAMUS, N.J.--(BUSINESS WIRE)-- Movado Group (NYSE: MOV) today announced the appointment of Eran Cohen as the new Chief Executive Officer of its MVMT brand, effective March 16th. Mr. Cohen will be based at MVMT’s headquarters in Los Angeles, CA and will report to Behzad Soltani EVP Commercial President and CTO, Movado Group.

“I am thrilled and excited to welcome Eran to our team as we begin the next chapter for MVMT,” said Efraim Grinberg, Chairman and CEO, Movado Group. “He has a plethora of experience in brand building and most recently held the role of CEO and President at St. John Knits where he successfully led the reinvigoration of the brand. I look forward to working with Eran on executing against our strategic priorities for the brand, as well as developing and implementing a plan that enables MVMT to achieve its long-term goals of delivering sustainable, profitable growth.”

Prior to his role at St. John Knits, Mr. Cohen, served as Executive Vice President and Chief Customer Experience Officer for PetSmart where he was responsible for creating a customer experience team, re-imagining the store design and in store experience, marketing, public relations, data sciences and corporate communications, as well as all digital consumer touchpoints for the Company. Eran has led combinations of marketing, merchandising, design and digital teams for a diverse group of companies ranging from Diane von Furstenberg, New York & Company and Payless ShoeSource earlier in his career.

About Movado Group

Movado Group designs, sources, and globally distributes MOVADO®, MVMT®, OLIVIA BURTON®, EBEL®, CONCORD®, CALVIN KLEIN®, COACH®, TOMMY HILFIGER®, HUGO BOSS® and LACOSTE® watches and to a lesser extent jewelry and other accessories, and operates Movado Company Stores in the United States and Canada.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220323005920/en/

Contact for Movado Group, Inc.:

Heather Cohen Sugarman

Hcohen@movadogroup.com

Vice President, Public Relations

Source: Movado Group

FAQ

Who is the new CEO of MVMT?

Eran Cohen has been appointed as the new CEO of MVMT, effective March 16th.

What experience does Eran Cohen bring to Movado Group?

Eran Cohen previously served as CEO at St. John Knits and held key roles in marketing and customer experience at PetSmart and other notable companies.

What are Movado Group's strategic priorities under the new leadership?

Movado Group aims to focus on delivering sustainable, profitable growth for the MVMT brand under Eran Cohen's leadership.

Where is MVMT's headquarters located?

MVMT's headquarters is located in Los Angeles, CA.