Michael Kors Holdings Limited is a multinational fashion company, incorporated in the British Virgin Islands, with principal executive offices in London and operational headquarters in New York. It was started in 1981 by American designer Michael Kors. The company sells clothes, shoes, watches, handbags, and other accessories. Michael Kors handbags have been a popular fashion trend among teenaged girls, according to a 2015 survey. In 2015, Michael Kors had more than 550 stores and over 1500 in-store boutiques in various countries.
Founder Michael Kors enrolled at the Fashion Institute of Technology in New York City in 1977, but dropped out after nine months. Taking a job as a sales person at a boutique called Lothar's across from Bergdorf Goodman on 57th Street in Midtown Manhattan, he later become both the designer and visual display head for the store.
Noticing the displays and garments, fashion director at Bergdorf's Dawn Mello asked if he would show his collection to Bergdorf Goodman's buyers. In 1981, Kors launched his Michael Kors women's label at Bergdorf Goodman. In 1990, the company launched KORS Michael Kors as a licensee.
In 1993 the company was forced into a Chapter 11 filing, caused by the closure of the licensing partner for KORS Michael Kors. Putting the KORS line on hold, he designed for other labels before relaunching in 1997 with a lower-priced line, and in the same year was named the first women's ready-to-wear designer for French house Celine.
In 2002, Kors launched his menswear line. Kors left Celine in October 2003 to concentrate on his own brand via holding company Michael Kors Holdings Ltd (MKH Ltd), relaunched with a majority $100M investment form Canadian fashion investor Lawrence Stroll and his Hong Kong-based partner Silas Chou, who had previously purchased Tommy Hilfiger in 1989. John D. Idol was subsequently appointed CEO of the company, with a shareholding interest. The MICHAEL Michael Kors line was launched in 2004, which included women's handbags and shoes as well as women's ready-to-wear apparel.
In 2011, Stroll and Chou led an Initial Public Offering in MKH Ltd on to the New York Stock Exchange, making them and Michael Kors billionaires. In June 2018, Chou sold the last of his investment in Kors.
By 2014, the annual revenue for the company was $3.2 billion, with a net income of $670 million. By April 2017, the company had 827 full-price or outlet stores and 133 licensed stores. Since 2017, the company said that it would no longer use animal fur in any of its products. In 2018, Michael Kors announced two new stores, one in Waterloo, New York, as well as the Fairview Park Mall in Kitchener, Ontario.
Purchases: Jimmy Choo, Versace
In July 2017, MKH Ltd bought Jimmy Choo Ltd for £896 million. In September 2018 MKH Ltd announced a deal to take over Versace. The Italian fashion group is valued at $2.1 billion. Upon closing of the deal, the company will be renamed to Capri Holdings.
In Canada, there had been multiple counterfeit Michael Kors bags, wallets and other luxury items in Montreal, Quebec. In an attempt to end the counterfeit production and to enforce trademark rights, the brand has commenced actions against a major network of counterfeit suppliers and vendors, and raided multiple locations throughout the Greater Montreal Area.
FoundingGuess began in 1981 as a book of styles by Georges Marciano. Maurice, Georges' brother, was first sought by Georges to help with product development. Armand and Paul, also Georges' brothers, were in charge of distribution and advertising, respectively. Armand ran distribution. Paul created the advertising, all of it in-house. Georges designed the clothes, burnishing Guess' signature style: stonewashed denim, lighter in color, softer and more form-fitting than the competitors. This initial chain of command later led to the earlier break-up of the brothers' cooperation with Georges selling his share of the Guess company to his other brothers due to a disagreement in a choice of product distribution strategy. Georges wanted to keep Guess in only the more exclusive stores, such as Bloomingdales. The remaining brothers in the disagreement wanted a larger distribution in KMart. Georges hated the idea. Different camps formed within the company, with each pledging allegiance to either Georges or the other three. Georges eventually gave in and sold his stake to his brothers in 1993 for $214.2 million. To finance the purchase, they had to borrow $210 million, and $105 million was still outstanding three years later. To raise money, the brothers decided to take Guess public. Paulwas the only remaining brother to ultimately lead Guess on his own.
When Georges Marciano and his brothers were much younger, they opened a series of stores in France under the name MGA before launching Guess in America in 1981, after Georges Marciano first came to America in 1977. Their top seller: unisex jeans. Georges Marciano and his brothers moved to Los Angeles to see if they could pull off a similar feat, borrowing a mottled wash Georges had noticed on jeans in an Italian laundromat he had taken note of (at the time, jeans styles were only sold in indigo blue or bleached).
The founder, Georges Marciano, and his brothers moved to Los Angeles in 1981 and opened the first store in upscale Beverly Hills area. Armand and Paul joined Georges and his brother in California. Georges came up with the company name after driving past a McDonald's billboard asking drivers to "guess" which eatery had the biggest cheeseburger. Maurice Marciano said, "Georges came home and said, 'I think I found our name. Guess.' "
Maurice Marciano tossed up ideas until he got exasperated, and finally his brother, Georges, clarified himself. The Guess name was born.
Guess, with its red triangle patch, stonewashed denim and signature zipper sliding up each ankle, was officially launched in late 1981. In just one year, sales through Bloomingdale's and Guess's Beverly Hills store hit $6 million. Guess soon began advertising, and in 1985, introduced some black-and-white ads. The ads have won numerous Clio Awards. Their fashion models have included a number of supermodels, many of whom, such as Claudia Schiffer, Anna Nicole Smith, Eva Herzigova, Valeria Mazza, Kate Upton, Julia Lescova, and Laetitia Casta, first achieved prominence via these ad campaigns.
In the 1985 Robert Zemeckis movie, Back to the Future, Marty McFly (Michael J Fox) wore distinctive Guess denim clothing, which was reportedly designed specifically for the film.
The Guess emblem with the famous question mark in the center.
During the 1980s, Guess was one of the most popular brands of denim jeans. The company was one of the first companies to create designer jeans. While the first jeans were for women, a men's line debuted in 1983. In 1984, Guess introduced its new line of watches known as "Guess", "Guess Steel", and the "Guess Collection". The watch line is still in existence today (although under different product lines) and has been joined by a number of other accessory sidelines. In 1984, they also introduced a line of baby's clothes, called "Baby Guess". The line is now incorporated with clothing for toddlers and kids called GUESS kids.
Invicta Watch Group is a Swiss watch company which trades under the name "Invicta Watch Company". Invicta claims that its brand was founded in 1837 by Raphael Picard in La Chaux-de-Fonds, Switzerland.
The corporate headquarters were relocated to Basel, Switzerland in 1991, where the company also operates its customer service call center.
The president of the Invicta Watch Group, Eyal Lalo, is a Fifth-generation watchmaker whose family has been involved with Invicta for many years.
Some of Invicta’s brands include: Invicta, TechnoMarine, S. Coifman, Glycine Watch Group, and Imperious.
In November 2012, Invicta announced a line of watches that are endorsed and designed by hall of Fame NFL player Jason Taylor.
Company historyFossil was founded in 1984 as Overseas Products International by Tom Kartsotis, a former Texas A&M University student living in Dallas from a suggestion by his older brother, Kosta Kartsotis, a merchandising executive at Sanger-Harris. Kosta told his younger brother about the potential large profits that could be made in importing retail goods made in the Far East, specifically in importing moderately-priced fashion watches.Their main product was fashion watches with a retro look. In 1990, they introduced leather goods under the Fossil brand, and the Relic line of watches.
Fossil had its initial public offering in 1993.
Zodiac Watches was a Swiss brand that had been operating since 1882 when Fossil acquired it from Genender International in 2001 for $4.7 million. Fossil's desire to establish a Swiss presence led to the purchase of the Zodiac Watch brand and a complete retooling of that line to reflect a retro modern 1970s style in a higher end watch. The 2004 purchase of Michele Watch completed the cycle by offering a high-end Swiss watch with a designer flair.
In September 2007, Fossil was accused of infringing a patent owned by Financial Innovations Systems, LLC, in a lawsuit filed in the Northern District of Texas. The case was settled for an undisclosed amount and dismissed shortly thereafter.
The Watch Station International chain was purchased from Luxottica/Sunglass Hut in December 2007.
Fossil has design studios in Biel, Switzerland close to Rolex as well as manufacturing facilities in China and distribution centers in Dallas, Germany, and Asia.
In 2012 Fossil, Inc. agreed to purchase Skagen Designs, Ltd. and some of its partners for approximately $225 million in cash and 150,000 Fossil shares. The total value paid by Fossil would be approximately $236.8 million.
In early 2013, Fossil introduced their upscale and more expensive "Fossil Swiss" line of watches which are made in Switzerland.
In November 2015, Fossil acquired Misfit for $260 million, with plans to incorporate Misfit's technology into traditional-looking watches.
License businessPrevious logo for the Fossil Group.
Fossil has financial success with its own brands and this success has led a number of deals for licensed watch lines. In 2001, Fossil collaborated with designer Philippe Starck to create the Starck with Fossil watch collection. The collection features ultra-modern designs and unique movement. Other licensed watch lines that Fossil designs, manufactures, and distributes include Burberry, DKNY, Emporio Armani, Armani Exchange, Columbia Sportswear, Diesel, Frank Gehry, Karl Lagerfeld, Tory Burch, Kate Spade, Michael Kors, Callaway Golf, Davis Cup, Marc by Marc Jacobs, Skagen Designs, Michele, and Adidas. When referencing Fossil's watch lines, they are generally regarded as a "manufacturer"; Fossil also designs and manufacture their own movements under the Fossil Twist Line.
Raymond Weil is a Swiss watch manufacturer, one of the few remaining independent brands..Nabucco Rivoluzione, modern chronograph
© Raymond Weil
The watch company Raymond Weil is based in Geneva and is one of the last independent Swiss watch brands that are still owned by the family.
The founder, Raymond Weil, begins watchmaking in 1976 under his own name. 1982 his son-in-law Olivier Bernheim joins the company. He modernizes the company structure and is responsible for the areas of communcation and marketing. 1996 Olivier Bernheim becomes CEO and president. In the meantime his two sons Elie and Pierre also collaborate: the first as Head of Marketing, while the second is involved in the sale.
With an estimated annual production of 330,000 watches and a turnover of well over 200 million francs (as of about 2007) Raymond Weil proves that even independent family companies can be successfully maintained in the watch industry in the difficult segment of the mid to upper price range.
1990, the men's and women's collection "Parsifal" are launched, which contributes to the growing success. 1995, the classic collection "Tango" appears. 2002 appears the collection "Don Giovanni Cosi Grande", 2007 the collection "Nabucco". 2010, 20 years after the launch of the hitherto best known model of the brand, Parsifal, a new edition of the series is presented (see: Parsifal Chronograph 7260).
Raymond Weil S.A.
Avenue Eugène-Lance 36-38
Case postale 1569
Hamilton Watch Company
Founded 1892, Lancaster, Pennsylvania, US
Headquarters Bienne, Switzerland
Number of locations ~1,600
Area served Worldwide
Parent The Swatch Group
Website hamiltonwatch.comThe Hamilton Watch Company is a Swiss manufacturer of high-quality wristwatches based in Bienne, Switzerland. The Hamilton Watch Company had its genesis as an American watch design and manufacturing company, which incorporated in 1892 and produced its first watch in 1893.
After its formation, the Hamilton Watch Company went on to manufacture and market pocket watches and wristwatches, ending American manufacture in 1969. Through a series of mergers and acquisitions, the Hamilton Watch Company became a diversified conglomerate itself and was subsequently integrated into the Swatch group.
Today the brand is one of more than twenty watch brands belonging to the Swatch Group, the world's largest watch manufacturer and marketer.
Hamilton pocket watch, ca. 1904
Hamilton 990 movement, ca. 1910.
Hamilton Ventura, 1957
History: 1892–1969Hamilton succeeded three watch firms manufacturing timepieces in the same facilities in Lancaster, PA, including the Lancaster Watch Company. The precursor to the Hamilton Watch Co., the Lancaster, Pennsylvania based Keystone Standard Watch Co., was started by Abram Bitner in 1886 with the purchase of Lancaster Watch Company's factory. Keystone manufactured watches featuring a patented "Dust Proof" design that used a small acrylic "window" to cover the only opening in the plate of the movement. Keystone existed until 1891 when the company was sold to Hamilton Watch Company.
The Hamilton Watch Company was established in 1892 after Keystone Standard Watch Company was purchased from bankruptcy. During the same year, Aurora Watch Company of Illinois also merged into Keystone. The name of the new company was originally to be "Columbian," but when it was discovered the Waterbury Watch Company had trademarked that name, a meeting of stock holders was called in November 1892 and a new name selected. The company was named after Andrew Hamilton, a Scottish born attorney who laid out and founded Lancaster, and was the original owner of the Lancaster site on which the factory was situated.
During the expansion of the railroads in the U.S., Hamilton maintained over 56% of the market. Railroads purchased all of Hamilton's production. As the market switched from pocket watches to wrist watches after World War I, the company manufactured wrist watches. During World War II, Hamilton retooled its business model to serve the military, dropping its consumer products.
The Hamilton Watch Company was housed on a 13-acre (53,000 m2) complex in Lancaster. Hamilton eventually took possession of Aurora Watch Company's machinery shortly after incorporation.
The first watch made under the Hamilton name was an 18-size 17-jewel pocket watch in 1893. During Hamilton's first fifteen years, only two size movements were produced — the 18-size and the smaller 16-size.
The company's first series of pocket watches, the Broadway Limited, was marketed as the "Watch of Railroad Accuracy," and Hamilton became popular by making accurate railroad watches. Hamilton introduced its first wristwatch in 1917, designed to appeal to men entering World War I and containing the 0-sized 17-jewel 983 movement originally designed for women's pendent watches. In 1928 Hamilton purchased the Illinois Watch Company for in excess of $5 million from the heirs of John Whitfield Bunn and Jacob Bunn. Some of the most collectible early Hamilton wristwatches include The Oval, The Tonneau, The Rectangular, The Square Enamel, The Coronado, The Piping Rock, The Spur, The Glendale, The Pinehurst, The Langley, The Byrd, The Cambridge, the Barrel "B", and The Flintridge. Many models came in both solid gold and gold-filled cases and, though rare, some wristwatches such as the Grant were made of silver.
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During World War II, production of consumer watches was stopped, with all watches manufactured being shipped to troops. More than one million watches were sent overseas. The company was extremely successful in producing marine chronometers and deck watches in large numbers to fill the needs of the United States Navy, and other Allied navies as well. The Model 21 Hamilton was built first and had a chain drive fusee, followed by the Model 22. The Model 22 had a traditional mainspring, available in a traditional double box and also in a deck watch. The Model 21 and 22 had a two-day power reserve and the movements of both were marked U.S. Navy Bureau of Ships. The model 22 was also used by the U.S. Army and on the back of some it is marked U.S. Army, but all the model 22 movements are marked U.S. Navy Bureau of Ships. The Model 23 was a 16 size pocket watch case with a black dial; despite the pocket watch case, this was a stopwatch. The Model 4992b was in a 16 size case, with a black dial. It was used as the pocket watch for U.S. military, featuring a 21 jewel railroad grade movement.
1950s the last decade as a watch manufacturing powerhouse in AmericaIn 1951, Hamilton rebuffed a hostile takeover bid by the Benrus watch company. The fallout from the failed takeover action culminated in Hamilton Watch Co. vs Benrus Watch Co. (206 F.2d 738, 740 (2d Cir. 1953)), a Federal proceeding that is considered to be landmark in the realm of Federal anti-trust case law.
In 1955, Hamilton provided a "celestial time zone clock, permitting flight-type navigation" for the Astra-Gnome concept of what an automobile would look like in the year 2000.
In 1957, Hamilton introduced the world's first electric watch, the Hamilton Electric 500. It was available in a variety of non-traditional asymmetrical case styles including the Ventura that was designed by Richard Arbib. The watch was worn by Elvis Presley, who also featured it the movie Blue Hawaii.
In 1962, Hamilton entered into a joint venture (60% owned by Hamilton) with the Japanese watchmaking firm Ricoh to produce electric watches meant primarily for the Japanese market. The electronic components were produced at Hamilton's Lancaster factory while production of the mechanical works and final assembly were undertaken in Japan. Although production levels of Hamilton-Ricoh watches were high (over 1000 per month), demand was low and consequently, the Hamilton-Ricoh partnership was unable to compete with the substantial market presence of Seiko. The partnership was dissolved in 1965, with the remaining Hamilton-Ricoh electronic movements (marked "Ricoh 555E") re-cased as "Vantage" and sold in the U.S.
Swiss/U.S. operations: 1969–1974Swiss Hamilton/Buren Micro-rotor movement
In 1966, Hamilton acquired the Buren Watch Company of Büren an der Aare, Switzerland, including all factories and technologies that had been developed by Buren up to that point. From 1966 to 1969, Hamilton Lancaster and Buren Switzerland were operated as a joint concern, with Hamilton using a number of Swiss movements for their "American" watches and Buren utilizing a number of components manufactured by Hamilton Lancaster. It was during this time that Hamilton started to selectively incorporate the highly innovative Buren Micro-rotor (a.k.a. Micro Rotor/Micro-rotor) movement into small numbers of certain upper tier watches, in addition to their ordinary hand-wind and traditional automatic watches.
The Buren (now Hamilton/Buren) Micro-rotor was the first patented automatic wristwatch movement to eliminate the sizable external oscillating weight inherent to most automatic winding watches. Instead, it utilized a much smaller weight that was entirely integrated into the chassis of the movement. This design allowed for a substantially slimmer automatic watch that still retained a center sweep second hand. The Micro-rotor concept was also conceived by Universal Genève for use in their Polerouter series of timepieces during this same time. The official title of "first Micro-rotor movement" is still in dispute among some horology aficionados, even though Buren patented their design in 1954 while Universal Geneve applied for their patent in May 1955.
In 1969, the Hamilton Watch Company completely ended American manufacturing operations with the closure of its factory in Lancaster, Pennsylvania, shifting manufacturing operations to the Buren factory in Switzerland.
From 1969 to 1972, all new Hamilton watches were produced in Switzerland by Hamilton's Buren subsidiary. In 1971, the Buren brand was returned to Swiss ownership and by 1972, the Buren-Hamilton partnership was dissolved and the factory liquidated, due to decreased interest and sales of the Hamilton-Buren product.
On May 16, 1974, the Hamilton brand was sold to SSIH (subsequently The Swatch Group).
Transitional watches: 1970s–presentHamilton Khaki Field Officer H70615133
In 1971, the Omega & Tissot Holding Company Société Suisse pour l'Industrie Horlogère (SSIH) purchased the Hamilton brand and utilized the Hamilton name for a number of branding efforts, including numerous quartz watches in the 1980s.
The Hamilton Watch Division became a subsidiary of HMW. The Hamilton Watch Company changed their name to HMW at the time they sold their Watch division to SSIH.
A team led by John Bergey of Hamilton Watch in Lancaster, Pennsylvania developed the Pulsar, the world's first digital watch.
Through the merger of SSIH and ASUAG Groups in 1984, Hamilton became a subsidiary of The Swatch Group.
Sincerely!... Know your Unique Timepiece.
U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the non-profit governing body for the sport of polo in the United States. With worldwide distribution through over 1,000 U.S. Polo Assn. branded stores, independent retail, department stores and e-commerce, the U.S. Polo Assn. brand offers apparel for men, women and children, as well as accessories, footwear, travel and home goods in approximately 150 countries worldwide. The Association's trademarks and logos registered worldwide are managed by USPA Global Licensing, Inc., a wholly owned subsidiary of the USPA.
USPA Global Licensing, Inc. partners with licensees in North and South America, Asia, Europe, Scandinavia, Russia, and the Middle East to provide consumers with branded apparel, accessories, luggage, watches, shoes, small leather goods, eyewear and home furnishings.
As a for-profit corporation, USPA Global Licensing, Inc. pays taxes on its profits generated by sales from U.S. Polo Assn. products and submits royalties to the USPA for the exclusive rights to license its trademarks. Since its incorporation in 1890, U.S. Polo Assn. has realized annual global retail sales in excess of $1.6 billion. The royalties paid to the USPA enables them to promote the sport of polo and underwrite educational and training programs such as benefits for polo player members, support training centers for interscholastic and intercollegiate polo competition  and fund programs in umpiring, competition and equine welfare.
In October 2005, New York Federal Court ruled that USPA's use of their Double-Horsemen trademark does not infringe and is not similar to or confusing with the marks of Polo Ralph Lauren. The N.Y. federal judge said it is possible for the parties to engage in licensing activities that do not conflict with each other.
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Omega SA is a Swiss luxury watchmaker based in Biel/Bienne, Switzerland. Formally operating as the La Generale Watch Co, founded in 1848, later incorporating the name Omega in 1903. Britain's Royal Flying Corps chose Omega watches in 1917 as its official timekeepers for its combat units, as did the U.S. Army in 1918. Omega watches were the choice of NASA and the first watch on the Moon in 1969. Omega has been the official timekeeping device of the Olympic Games since 1932. James Bond has worn it in films since 1995; other famous Omega wearers, past and present, include Elvis Presley, John F. Kennedy, Prince William, George Clooney and Buzz Aldrin. Omega is owned by the Swatch Group
The forerunner of Omega, La Generale Watch Co, was founded at La Chaux-de-Fonds, Switzerland in 1848by Louis Brandt, who assembled key-wound precision pocket watches from parts supplied by local craftsmen. He sold his watches from Italy to Scandinavia by way of England, his chief market. In 1894, his two sons Louis-Paul and César developed a revolutionary in-house manufacturing and total production control system that allowed component parts to be interchangeable. Watches developed with these techniques were marketed under the Omega brand of La Generale Watch Co. By 1903 the success of the Omega brand led to La Generale Watch Co to spin off the Omega brand as its own company, and the Omega Watch Co was officially founded in 1903.
Louis-Paul and César Brandt both died in 1903, leaving one of Switzerland's largest watch companies — with 240,000 watches produced annually and employing 800 people — in the hands of four young people, the oldest of whom, Paul-Emile Brandt, was not yet 24.
Brandt was the great architect and builder of Omega. His influence would be felt over the next half-century. The economic difficulties brought on by the First World War would lead him to work actively from 1925 toward the union of Omega and Tissot, then to their merger in 1930 into the group SSIH, Geneva.
Under Brandt's leadership and Joseph Reiser's from 1955, the SSIH Group continued to grow and multiply, absorbing or creating some fifty companies, including Lanco and Lemania, manufacturer of the most famous Omega chronograph movements. By the 1970s, SSIH had become Switzerland's number one producer of finished watches and number three in the world. Up to this time, the Omega brand outsold Rolex, its main Swiss rival in the luxury watch segment, although Rolex watches sold at a higher price point. Around this time it was viewed as Rolex versus Omega in the competition for the "King of Swiss Watch brands". Omega watches tended to be more revolutionary and more professional focused, while Rolex watches were more ‘evolutionary’ and famous for their mechanical pieces and brand.
While Omega and Rolex had dominated in the pre-quartz era, this changed in the 1970s. That was when Japanese watch manufacturers such as Seikoand Citizen rose to dominance due to their pioneering of quartz movement. In response, Rolex continued concentrating on its expensive mechanical chronometers where its expertise lay (though it did have some experimentation in quartz), while Omega tried to compete with the Japanese in the quartz watch market with Swiss made quartz movements.
Weakened by the severe monetary crisis and recession of 1975 to 1980, SSIH was bailed out by the banks in 1981. During this period, Seiko expressed interest in acquiring Omega, but nothing came out of the talks.
Switzerland's other watch making giant Allgemeine Schweizerische Uhrenindustrie AG (ASUAG - supplier of a large range of Swiss movements and watch assemblers) was in economic difficulty. It was the principal manufacturer of Ébauche (unfinished movements) and owner, through their sub-holding company General Watch Co (GWC), of various other Swiss watch brands including Longines, Rado, Certina, Hamilton Watch Company and Mido.
After drastic financial restructuring, the R&D departments of ASUAG and SSIH merged production operations at the ETA complex in Granges. The two companies completely merged forming ASUAG-SSIH, a holding company, in 1983.
Two years later this holding company was taken over by a group of private investors led by Nicolas Hayek. Renamed SMH, Société de Microélectronique et d'Horlogerie, this new group over the next decade proceeded to become one of the top watch producers in the world. In 1998 it became the Swatch Group, which now manufactures Omega and other brands such as Blancpain, Swatch, and Breguet.
Omega's brand experienced a resurgence with advertisement that focused on product placement strategies, such as in the James Bond 007 films; the character had previously worn a Rolex Submariner but switched to the Omega Seamaster Diver 300M with GoldenEye (1995) and has stayed with the latter ever since until swapping it for the Omega Planet Ocean and Aqua Terra. Omega also adopted many elements of Rolex's business model (i.e. premium pricing, tighter controls of dealer pricing, increasing advertising, etc.) which was successful in increasing Omega's market share and name recognition to become more of a direct competitor to Rolex.
Observatory trials focused on the science of Chronometry and the ability to make chronometers measure time precisely. Only Patek Philippe and Omega participated every year in the trials. Omega's performances at these competitions garnered the company a reputation of precision and innovation.
For more than a decade (1958 – 1969), Omega was the largest manufacturer of COSC chronometers. Omega developed the slogan "Omega – Exact time for life" in 1931 based on historical performance at the Observatory trials. Omega's early prowess in designing and regulating timing movements was made possible by the company's incorporation of new chronometric innovations.
Movado is a Swiss watchmaker best known for its Museum Watch. Designed in 1947 by Bauhaus-influenced artist Nathan George Horwitt, the watch dial has a very simple design defined by a solitary dot at 12, symbolizing the sun at high noon. It was first made by Vacheron & Constantin-Le Coultre Watches, Inc., and later produced by Movado. Horwitt's dial was selected for the permanent design collection of the Museum of Modern Art, New York, in 1960, the first watch dial awarded this distinction. The single dot dial now appears in many of Movado's timepieces.
Movado was founded as LAI Ditescheim & Freres SA in 1881 in La Chaux-de-Fonds, Switzerland, by Léopold Achille Isidore Ditesheim. In 1983, the company was purchased 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 North American President of Movado is Alan Chinich. In 2006, Movado celebrated its 125th year of watchmaking.
On February 23, 1999, Movado Group, Inc. completed the sale of Piaget business to VLG North America, Inc., for approximately $30 million. In August 2018, Movado acquired the watch startup MVMT, which was founded in 2013, for $ 100 million.
WatchesMovado Delphino Series, two-tone black dial-face
Original "Museum" Watch, designed by Nathan George Horwitt, ca. 1955. Brooklyn Museum
The company markets the Museum Watch, designed by the American designer Nathan George Horwitt in 1947. It was first manufactured by Vacheron & Constantin-Le Coultre Watches, Inc., Switzerland. Movado started producing an unauthorized version starting in 1948, copying Horwitt's design. It was added to the permanent collection of the Museum of Modern Art in 1960. Movado finally settled with Horwitt in 1975 with a payment of $29,000 ($128,000 in 2015 dollars). Following Horwitt's death, Movado started heavy promotion of Horwitt and the design of the Museum Watch. Photographer Edward Steichen called Horwitt's design "the only truly original and beautiful one for such an object".
Some Movado watch models have Esperanto names such as Bela ("beautiful"), Belamodo ("beautiful fashion"), Fiero ("pride"), Brila ("brilliant"), Linio ("line"), and Verto ("head top"). The company's name means "movement" in that language.
In November 2015, Movado announced the release of the Movado Motion collection of fine Swiss-made watches, powered by the Manufacture Modules Technologies (MMT) MotionX technology platform. The collection includes the women’s Bellina and the men’s Museum Sport models.
Movado Museum Sport Motion Smartwatch powered by MotionX
Movado Group's brands, including licensed brands, are Movado, Concord, EBEL, Olivia Burton, Coach, Hugo Boss, Lacoste, Tommy Hilfiger, Scuderia Ferrari, MVMT, Rebecca Minkoff, and Uri Minkoff (current as of August 2018). Former brands include ESQ Movado (formerly ESQ Swiss) and Juicy Couture.
Movado commissioned Time Sculpture by architect Philip Johnson. The bronze sculpture with granite base, located outside Lincoln Center in New York City, was dedicated May 19, 1999.
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