In Movado's recent fourth-quarter earnings report, the company showed a net income of 17.4 million after reporting a loss just a year earlier. Joining us for more on this was the CEO of Movado Group Efraim Grinberg. Despite large acquisitions of MVMT and Olivia Burton, Movado ended the year with more than 189 million dollars in cash. Grinberg says Movado will be holding off on acquisitions in the near future.