Movado Group Chairman Grinberg To Retire

Gedalio Grinberg Swiss Rolex Wristwatch. 76 Replica handbags Tag Heuer Replica Watch. the founder and chairman of the Movado Group Fake Watches. will be retiring as Chairman of the board on December 31st Watches Replica. according to an announcement from the Movado Group.  Efraim Grinberg(Replica Chanel Watches). who has been with the company since 1980 will succeed his father as Chairman as well as continuing on as president and CEO Maurice Lacroix Replica Watches. positions he has held since 1990 and 2001 respectively.  The elder Grinberg will stay on at the Movado Group as chairman emeritus Breitling Replica Watches. and Founder.

Gedalio Grinberg is a true veteran of the watch industry.  A Cuban immigrant(Rado Wristwatch). Grinberg began his career in 1961 distributing timepieces in North America(Jaeger LeCoultre Replica Watch). realizing $175.000 in annual sales.  Eight years later. Grinberg’s North American Watch Corporation went public. netting an annual sales figure of around $5 million.  By the early 1990’s it had grown into the Movado Group Fake Zenith Watch. an international enterprise worth hundreds of millions of dollars Replica Watch. comprising such notable watch brand names as Concord and Movado. as well as new brands of its own creation Fake Louis Vuitton Watch. such as fashion watch ESQ.  The Movado Group Watches Replica. which designs(Replica Audemars Piguet). manufactures and distributes Hugo Boss Replica handbags. Tommy Hilfiger and Coach watches. made industry headlines in 2004 with its acquisition of luxury Swiss watch brand Ebel.  

Commenting upon his pending retirement(Panerai Wristwatch). Gedalio Grinberg said. “I’m proud of all that our company has accomplished with the help of our employees and the confidence of our investors. After establishing a $30 million plus luxury watch business as a distributor in North America with two brands Replica Watch. our company strategically shifted its focus onto designing(Cartier Watches). manufacturing and distributing our own brands and as a licensee…We’ve established a strong track record and developed a company with great financial strength and a strong balance sheet.”

He continued Replica Corum. “There are so many opportunities ahead for Movado Group.  I’m confident Efraim and the management team we’ve developed around the world will lead our company to heightened levels of performance and enable our shareholders Replica Watch. employees and customers to continue to prosper and grow.”

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