Movado Studying Ways to ‘Mitigate’ Tariffs on Fashion Watches, If They Occur, CEO Says
Though the Trump administration “so far” hasn’t targeted “fashion watches” for Section 301 tariffs on Chinese imports, “that could be a potential for the future,” Movado Group CEO Efraim Grinberg said on an Aug. 29 earnings call. “We are looking…
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at different ways to hope to be able to mitigate that, if that were to occur,” he said. “In the short-to-medium term, if they were to occur, that would be a threat to the overall margins.”