Category

lacoste

Movado Group acquires watch startup MVMT

By | Clothing, Facebook, Fashion, Fundings & Exits, Gadgets, lacoste, movado, social media, Startups, TC, Tommy Hilfiger

The Movado Group, which sells multiple brands including Lacoste, Tommy Hilfiger and Hugo Boss, has purchased MVMT, a small watch company founded by Jacob Kassan and Kramer LaPlante in 2013. The company, which advertised heavily on Facebook, logged $71 million in revenue in 2017. Movado purchased the company for $100 million. The acquisition of MVMT […]

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