Movado Group extends Calvin Klein license agreement through 2029

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices retreat from 2022 levels as Trump says Iran asked for a ceasefire Stocks kick off April on a strong note after Trump says Iran asked for ceasefire Trump says Iranian "president" has asked U.S. for ceasefire The risk of further downside in tech stocks is tied to these 3 factors: MS (South Africa Philippines Nigeria) Movado Group extends Calvin Klein license agreement through 2029 By SEC Filings Published 04/01/2026, 05:53 PM Movado Group extends Calvin Klein license agreement through 2029 0 MOV 0.82% Movado Group, Inc. (NYSE:MOV) announced Monday that it has extended its license agreement with Calvin Klein, Inc. for an additional three years, now set to expire on December 31, 2029. The extension was formalized through a letter agreement signed by Movado Group and its wholly owned subsidiaries, Swissam Products Limited and MGI Luxury Group Sàrl, together with Calvin Klein, Inc.The news comes as Movado’s stock has delivered strong returns, with shares up nearly 59% over the past year. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment, while maintaining a healthy 5.69% dividend yield for income-focused investors. According to the company’s statement in a recent SEC filing, the other material provisions of the existing license agreement, originally dated August 19, 2020, remain substantially unchanged. The agreement governs Movado Group’s rights to design, manufacture, and distribute Calvin Klein-branded watches and related products. The extension letter was executed on March 30, 2026. Movado Group’s common stock is listed on the New York Stock Exchange under the ticker NYSE:MOV. This information is based on a press release statement included in the company’s Form 8-K filing with the Securities and Exchange Commission. In other recent news, Movado Group Inc. reported its fiscal 2026 earnings, showcasing a mixed performance. The company posted earnings...