Gedalio “Gerry” Grinberg, founder and chairman of Movado Group Inc., the Paramus, N.J.-based watch company, died Sunday in New York at age 77. The company didn't reveal a specific cause of death, but noted it was of natural causes.
The native Cuban, who was instrumental in turning Americans on to luxury timepieces starting in the Sixties with brands such as Corum, Piaget and Omega, had announced plans last fall to step down from his post Jan. 31. His son, Efraim, will take on the role of chairman, while continuing on as president and chief executive officer of the firm, which has annual sales of $560 million.
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