Who is the owner of Movado watches? The Movado Group, the creators of the Movado watches has been in existence since 1881. It started with a young 19-year-old who hired 6 watchmakers in his small shop and started making watches. At this time, they were not called Movado as we’ve all come to know it today.
It was later in 1905 that the company received the name Movado, which means “always in motion”. Movado is an international Esperanto language. We all know the most identifiable feature of the Movado watches, the dot at its’ 12 o’clock noon.
Movado watches are also identifiable by the expensive materials used in the watches. Some of with are; stainless steel, gold and diamond. Do you know that the dot on the 12 o’clock Movado watches is actually diamond? Now that we know who started all of it, we’re now going to look at who owns Movado?
Who Is The Owner Of Movado Watches?
Going straight to it, Movado is not owned by a single individual. As of April 2019, the ownership of the famous watchmaking company was 91% owned by Institutional investors. They bought a net share of 133.8 thousand dollars in the company making their percentage ownership rise up to 91%.
As of today, there are a lot of stakeholders in the Movado company such as BlackRock Fund Advisors, The Vanguard Group, Inc. and Dimensional Fund Advisors LP. In view of this, the ownership of the company has been taken over by stakeholders that controls the affairs of the company.