News and Events
RCS Successfully Completes Engagement with Movado
RCS provided a strategic assessment of the retail subsidiary's performance and negotiated cost-effective lease terminations.
Aug 4, 2010 Press Release
NEW YORK, NY, August 4, 2010 —New York-based RCS Real Estate Advisors, the pre-eminent real estate advisory firm to the retail industry, today announced that it has successfully completed its engagement with Movado Group, Inc., supporting in the closure of Movado Group’s retail boutiques. RCS Real Estate Advisors President and CEO Ivan L. Friedman made the announcement.
RCS Real Estate Advisors was retained to assist with a strategic assessment of the subsidiary’s performance and to negotiate cost-effective lease terminations of the relevant locations. Following the assessment, Movado Group announced the closure of its boutique division and RCS Real Estate Advisors successfully negotiated the boutique closures, which Movado Group completed, effective July 20.