Item 1.01. Entry into a Material Definitive Agreement.

On March 17, 2022, MGI Luxury Group S.A. ("MGI"), a wholly owned Swiss subsidiary of Movado Group, Inc. (the "Company"), entered into an amended and restated License Agreement (the "New Agreement") with Hugo Boss Trade Mark Management GmbH & Co. KG (the "Licensor") pursuant to which the Amended and Restated License Agreement between the Licensor and MGI dated February 24, 2012 (as previously amended, the "Existing License Agreement") has been amended and restated.

The material modifications to the Existing License Agreement resulting from the New Agreement are as follows:

· The license has been expanded beyond watches to also include BOSS-branded

jewelry.

· The license period has been extended until December 31, 2026, subject to

certain rights of MGI to extend for an additional five years upon satisfaction

of specified conditions.

· The Company agreed to guarantee MGI's financial obligations under the New

Agreement.

· Changes were made to the royalty rates and other amounts payable by MGI under

the agreement.

· Sales minima and minimum marketing and advertising expenditures have been

specified through the term of the New Agreement.

· New pricing has been established for sales by MGI to the Licensor and its


   affiliates.

The other material provisions of the New Agreement remain substantially unchanged from the Existing License Agreement.

The Company intends to file the New Agreement as an exhibit to its quarterly report on Form 10-Q for the fiscal quarter ending April 30, 2022 and will seek confidential treatment of certain terms in the New Agreement at such time.

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