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February 4, 2013

Movado Increases Ownership in U.K. Subsidiary

The watchmaker upped its interest in MGS Distribution from 51 percent to 90 percent.

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Movado Group Inc. said Monday that it increased its ownership interest in its U.K. subsidiary MGS Distribution from Swico Ltd.


The Paramus, N.J.-based watchmaker grabbed a 90 percent stake...

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