MOVADO GROUP INC : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

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Item 1.01 Entry into a Material Definitive Agreement.

On October 13, 2021, Movado Group, Inc. (the "Company") and Ferrari S.p.A. ("Ferrari") entered into Amendment # 3 (the "Amendment") to the January 1, 2018 license agreement between the parties (as previously amended, the "Existing License Agreement"). The Amendment amends the Existing License Agreement by (1) ending the license term on June 30, 2022 rather than December 31, 2022 and eliminating the provisions regarding a possible renewal and (2) revising the royalty and minimum advertising expenditure provisions for the period from January 1, 2021 through the end of the sell-off period on December 31, 2022.

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

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

* Certain portions of this exhibit have been redacted pursuant to Item

601(b)(10)(iv) of Regulation S-K. The Company agrees to furnish supplementally

an unredacted copy of the exhibit to the Securities and Exchange Commission

upon its request.

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