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Baume & Mercier has enriched its sporty Riviera watch collection with two new models, both of which are equipped with unidirectional rotating bezels in the characteristic 12sided design. Both of these Baume & Mercier timepieces are well suited for diving and other waterrelated sports, thanks to their water resistance rating of 200 meters. The Riviera XXL Chronograph Diver watch features a polished 43mm stainless steel case, a black dial with luminous Roman figures, and a synthetic strap with contrasting stitching. The movement is an Valjoux 7750 caliber, whose reliability and precise performance makes it an ideal engine for this sporty design; the caliber offers a 12hour and 30minute counter, as well as subsidiary seconds and a date display. Power reserve of the mainspring is 48 hours. The Riviera XL Diver watch features a 40mm stainless steel case, and a matching polished stainless steel bracelet with a folding clasp. A blue aluminum insert on the rotating bezel hints at the seagoing aspirations of this model. An ETA 2824 selfwinding movement with sweep seconds and a rapidadjust date feature ticks beneath the screwdown caseback. The Movado Team has declared a intend to increase performance, that will be realized by way of a mixture of payroll cuts, consolidation of business features, as well as a reduction in discretionary paying. Movado anticipates an yearly cost savings of $25 million, due to this fact of those steps. The approach, introduced on August seven, will come around the heels of the detailed examination in the Group's existing expense construction. “Streamlining our business is really a tough determination, due to the fact it impacts the those who have contributed to Movado Team,"said Efraim Grinberg, President and CEO in the Movado Team. “We're really grateful to every of our staff and so are incredibly happy with their several contributions to your firm. Nonetheless, it really is essential to make judgements that not simply reply to the present difficult financial setting, and also improve the Movado Team for that longterm."To obtain a payroll reduction of about ten %, about ninety in the Movado Group's fulltime positions will likely be slice, dispersed across company and sharedservice sectors in each the Group's European and North American functions. Workers influenced with the task cuts will get severance offers and support with profession transition. “Our steps are producing a tougher and leaner business that may run additional successfully,"stated Grinberg. “A streamlined expense composition allows the organization to get additional nimble, because it responds to recent current market circumstances, even though capitalizing on potential progress prospective customers, for the reason that economic system recovers." The Movado Group's headquarters are in Paramus, New Jersey. As well as the produce and distribution of Movado replica watches along with the operation of distinctive Movado boutiques and revenue factors, the look at conglomerate also owns and controls many other trend or luxurious view manufacturers such as Tommy Hilfiger, ESQ, Coach, Hugo Boss, Ebel and Concord.