EXHIBIT 5
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                          [LETTERHEAD OF MOVADO GROUP]


                                  June 4, 2002


Movado Group, Inc.
650 From Road
Paramus, NJ  07071

Ladies and Gentlemen:

         I am counsel to Movado Group, Inc., a New York corporation (the
"Company"), and I am rendering this opinion in connection with the proposed
issuance of up to 1,500,000 shares (the "Shares") of Common Stock, par value
$0.01 per share, of the Company under the Company's 1996 Stock Incentive Plan
(the "1996 Plan") and the registration of the Shares on the Registration
Statement on Form S-8 (the "Registration Statement"), filed by the Company under
the Securities Act of 1933, as amended.

         I have examined the Registration Statement and the prospectuses related
to the 1996 Plan. In addition, I have examined, and have relied as to matters of
fact upon, original or copies, certified or otherwise identified to my
satisfaction, of such corporate records, agreements, documents and other
instruments and such certificates or comparable documents of public officials
and of officers and representatives of the Company, and have made such other and
further investigations, as I have deemed relevant and necessary as a basis for
the opinion hereinafter set forth.

         In such examination, I have assumed the genuineness of all signatures,
the legal capacity of natural persons, the authenticity of all documents
submitted to me as originals, the conformity to original documents of all
documents submitted to me as certified or photostatic copies, and the
authenticity of the originals of such latter documents.

         Based upon the foregoing, and subject to the qualifications and
limitations stated herein, I hereby advise you that in my opinion:

         1. The Shares have been duly authorized by the Company and, when issued
in accordance with the terms of the 1996 Plan, will be validly issued, fully
paid and nonassessable.

         I am a member of the Bar of the State of New York and do not express
any opinion herein concerning any law other than the law of the State of New
York and the federal law of the United States.

         This opinion is rendered to you in connection with the above described
transactions. This opinion may not be relied upon by you for any other purpose,
or relied upon by or furnished to, any other person, firm or corporation without
my prior written consent.

         I hereby consent to the filing of this opinion of counsel as Exhibit 5
to the Registration Statement.

                                Very truly yours,


                                 /S/ TIMOTHY F. MICHNO
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                                Timothy F. Michno
                                General Counsel