# EDGAR Filing Document

**Accession Number:** 0001229262
**File Stem:** 0001229262-25-000007
**Filing Date:** 2025-11
**Character Count:** 10462
**Document Hash:** 729665843bc712d0f079f16f8c719cb4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001229262-25-000007.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001229262-25-000007

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MOVADO GROUP INC
- **CENTRAL INDEX KEY:** 0000072573
- **STANDARD INDUSTRIAL CLASSIFICATION:** WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS [3873]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 132595932
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-46671
- **FILM NUMBER:** 251477474

**BUSINESS ADDRESS:**
- **STREET 1:** 650 FROM ROAD
- **STREET 2:** SUITE 375
- **CITY:** PARAMUS
- **STATE:** NJ
- **ZIP:** 07652
- **BUSINESS PHONE:** 201-267-8000

**MAIL ADDRESS:**
- **STREET 1:** 650 FROM ROAD
- **STREET 2:** SUITE 375
- **CITY:** PARAMUS
- **STATE:** NJ
- **ZIP:** 07652

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NORTH AMERICAN WATCH CORP
- **DATE OF NAME CHANGE:** 19930916
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS ASSET MANAGEMENT, L.P.
- **CENTRAL INDEX KEY:** 0001229262

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** C/O GOLDMAN SACHS & CO.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282
- **BUSINESS PHONE:** 312-655-4400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS ASSET MANAGEMENT LP
- **DATE OF NAME CHANGE:** 20030428

## Ex-99

```

EXHIBIT 99

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS GOLDMAN SACHS ASSET MANAGEMENT, L.P. (the
"Company") does hereby make, constitute and appoint each of Sadhiya Raffique,
Santosh Vinayagamoorthy, D Guru Prasad, Tobi Amusan, Akash Keshari, Papa Lette,
Andrzej Szyszka, Rahail Patel, Taiki Misu, Regina Chan, Mariana Audeves
Martinez, Asheesh Bajaj, Abhilasha Bareja, Veronica Mupazviriwo, Sam Prashanth,
Ameen Soetan, Abhishek Vishwanathan, Elizabeth Novak and Matthew Pomfret (each,
an "attorney-in-fact"), acting individually, its true and  lawful attorney, to
execute and deliver in its name and on its behalf whether the Company is acting
individually or as representative of others, any and all filings required to be
made by the Company under the Securities Exchange Act of 1934, (as amended, the
"Act"), with respect to securities which may be deemed to be beneficially owned
by the Company under the Act, giving and granting unto  each said attorney-in-
fact power and authority to act in the premises as fully and to all intents and
purposes as the Company might or could do if personally present by one of its
authorized signatories, hereby ratifying and confirming all that said attorney-
in-fact shall lawfully do or cause to be done by virtue hereof.

THIS POWER OF ATTORNEY shall take effect on June 27, 2025 and remain in full
force and effect until the earlier of (i) June 27, 2026 and (ii) such time that
it is revoked in writing; provided that in the event an attorney-in-fact ceases
to be an employee of The Goldman Sachs Group, Inc. or one of its affiliates or
ceases to perform the function in connection with which he/she was appointed
attorney-in-fact prior to such time, this Power of Attorney shall cease to have
effect in relation to such Attorney-in-Fact upon such cessation but shall
continue in full force and effect in relation to any remaining attorneys-in-
fact. The Company has the unrestricted right unilaterally to revoke this Power
of Attorney.

This Power of Attorney shall be governed by, and construed in accordance with,
the laws of the State of New York, without regard to rules of conflicts of law.

IN WITNESS WHEREOF, the undersigned has duly subscribed these presents as of
June 27, 2025.

GOLDMAN SACHS ASSET MANAGEMENT, L.P.

By: /s/  Carey Ziegler
____________________________
Name: Carey Ziegler
Title: Managing Director

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** MOVADO GROUP, INC

**Title of Class of Securities:** Common Stock, par value $0.01 per share

**CUSIP Number:** 624580106

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Goldman Sachs Asset Management, L.P. | Names of Reporting Persons<br>Goldman Sachs Asset Management, L.P. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>844091.21 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>850626.21 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>850626.21 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>850626.21 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.4% | Percent of Class Represented by Amount in Row (9)<br>5.4% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

---

**Item 1(a). Name of Issuer:**
MOVADO GROUP, INC

**Item 1(b). Address of Issuer's Principal Executive Offices:**
650 FROM ROAD, STE. 375, PARAMUS, X1, 07652-3556

**Item 2(a). Name of Person Filing:**
GOLDMAN SACHS ASSET MANAGEMENT

**Item 2(b). Address of Principal Business Office:**
Goldman Sachs Asset Management 200 West Street New York, NY  10282

**Item 2(c). Citizenship:**
GOLDMAN SACHS ASSET MANAGEMENT, L.P. - Delaware

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.01 per share

**Item 2(e). CUSIP Number:**
624580106

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See the response(s) to Item 9 on the attached cover page(s).

**(b) Percent of class:**

See the response(s)to Item 11 on the attached cover page(s).

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See the response(s) to Item 5 on the attached cover page(s).

**(ii) Shared power to vote or to direct the vote:**

See the response(s) to Item 6 on the attached cover page(s).

**(iii) Sole power to dispose or to direct the disposition of:**

See the response(s) to Item 7 on the attached cover page(s).

**(iv) Shared power to dispose or to direct the disposition of:**

See the response(s) to Item 8 on the attached cover page(s).

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Goldman Sachs Asset Management, L.P.**

**Date:** 10/08/2025

**By:** Name: Sam Prashanth

**Name & Title:** Attorney-in-fact