Material Agreement Form 8 K

On November 12, 2024, Movado Group, Inc. ("MGI") and its wholly owned subsidiary, Swissam Products Limited ("SPL" and together with MGI, the "Company"), entered into a letter agreement (the "Extension Letter") pursuant to which the License Agreement between the Company and Tommy Hilfiger Licensing LLC ("THL") dated January 1, 2020 (the "Existing Agreement"), was extended for an additional five years ending December 31, 2029. The Extension Letter specifies minimum sales of licensed products and an incremental marketing budget during the extension period. The remaining provisions of the Existing Agreement remain unchanged.

The Company intends to file the extension letter as an exhibit to its quarterly report on Form 10-Q for the fiscal quarter ending October 31, 2024, and will seek confidential treatment of certain terms in the letter at such time.