Movado Group, Inc. Declares Regular Quarterly Dividend

PARAMUS, N.J., June 29 /PRNewswire-FirstCall/ -- Movado Group, Inc. (NYSE: MOV) announced that its Board of Directors has declared a regular quarterly dividend of $0.06 per share on Movado Group common stock. The dividend is payable July 31, 2006 to shareholders of record at the close of business on July 14, 2006.

Movado Group, Inc. designs, manufactures, and distributes Movado, Ebel, Concord, ESQ, Coach, Tommy Hilfiger and HUGO BOSS watches worldwide, and operates Movado boutiques and company stores in the United States. The Company plans to launch Juicy Couture watches in the fall of 2006 and LACOSTE watches in the spring of 2007.

SOURCE Movado Group, Inc.

CONTACT: Suzanne J. Rosenberg, Vice President, Corporate Communications, +1-201-267-8000;
or Rachel Albert of Financial Dynamics, +1-212-850-5600,
for Movado Group, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Movado Group Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.