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Movado Group Q1 revenue grows ten percent.
Growing sales among Movado Group’s licensed brand business saw the company’s revenue increase 10% in Q1 of 2014 based on the previous year to $120.9million (£72.2million). However cost of sales increased 10 percent to $55.7 million, with gross margin as a percentage of sales slipping to 53.9% compared with 54.5% during Q1 2013. Group profit […]