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Removed:
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Exhibit 21.1
Subsidiaries of the Registrant
Bermuda:
MGI International, Ltd.
California:
North American Watch Service Corporation
Canada:
Movado Group of Canada, Inc.
China:
MGI Luxury Trading Shanghai Ltd.
Delaware:
Movado International, Ltd.
Movado Group Delaware Holdings Corporation
Movado LLC
England:
MGI Luxury Group UK Ltd.
MGS Distribution Ltd.
France:
SwissWave Europe SA
MGI-TWC SAS
Germany:
Movado Deutschland G.m.b.H.
Concord Deutschland G.m.b.H.
MGI Luxury Group G.m.b.H.
MGI-TWC GmbH
Hong Kong:
MGI Luxury Asia Pacific Ltd.
SwissAm Products Ltd.
Japan:
MGI Japan Co., Ltd.
Netherlands:
MGI-TWC B.V.
New Jersey:
EWC Marketing Corp.
Movado Retail Group, Inc.
Singapore:
MGI Luxury Singapore Pte. Ltd.
Switzerland:
Movado Watch Company, S.A.
MGI Luxury Group, S.A.
Concord Watch Company, S.A.
Ebel Watches S.A.
SA de l’immeuble de la Paix 101