As filed with the Securities and Exchange Commission on September 25, 2006
                                                Registration No. 333-
===============================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  ___________

                                    FORM S-8
             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
                                  ___________

                               MOVADO GROUP, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

              NEW YORK                                       13-2595932
  (State or other jurisdiction of                         (I.R.S. Employer
   incorporation or organization)                      Identification Number)

                                  ___________

               650 FROM ROAD                                    07652
            PARAMUS, NEW JERSEY                               (Zip Code)
  (Address of Principal Executive Office)

                  MOVADO GROUP, INC. DEFERRED COMPENSATION PLAN
                                 FOR EXECUTIVES
                            (Full title of the plan)
                               __________________

                                TIMOTHY F. MICHNO
                                 GENERAL COUNSEL
                               MOVADO GROUP, INC.
                                  650 FROM ROAD
                            PARAMUS, NEW JERSEY 07652
                     (Name and address of agent for service)

                                 (201) 267-8000
          (Telephone number, including area code, of agent for service)
                               __________________

                                    Copy to:
                              LAWRENCE G. WEE, ESQ.
                    PAUL, WEISS, RIFKIND, WHARTON & GARRISON
                           1285 AVENUE OF THE AMERICAS
                             NEW YORK, NY 10019-6064
                                 (212) 373-3000

<TABLE>
<CAPTION>
                         CALCULATION OF REGISTRATION FEE

---------------------------------------------------------------------------------------------------------
                                                 PROPOSED MAXIMUM    PROPOSED MAXIMUM
     TITLE OF SECURITIES TO BE    AMOUNT TO BE  OFFERING PRICE PER  AGGREGATE OFFERING      AMOUNT OF
            REGISTERED             REGISTERED          SHARE               PRICE         REGISTRATION FEE
=========================================================================================================
<S>                               <C>                 <C>              <C>                  <C>
Common Stock, par value $0.01
     per share (1)...........          67,000         $23.43 (2)        $1,569,810 (3)        $184.77
---------------------------------------------------------------------------------------------------------
Deferred Compensation
     Obligations(4)..........     $14,000,000           100%           $14,000,000          $1,647.80
---------------------------------------------------------------------------------------------------------
</TABLE>
-----------------------------
(1)  Represents  Common Stock  issuable under the Movado Group,  Inc.  Deferred
     Compensation Plan for Executives.
(2)  Estimated  solely for purposes of  calculating  the  registration  fee and
     calculated  pursuant to Rule 457(c),  based on the average of the high and
     low sale prices of the Common Stock on  September  18, 2006 as reported on
     the New York Stock Exchange.
(3)  Estimated solely for purposes of calculating the registration fee.
(4)  The Deferred Compensation  Obligations are unsecured obligations of Movado
     Group, Inc. to pay deferred  compensation in the future in accordance with
     the  terms  of the  Movado  Group,  Inc.  Deferred  Compensation  Plan for
     Executives.
===============================================================================

<PAGE>

                                EXPLANATORY NOTE

         Pursuant to General Instruction E of Form S-8, the registrant,  Movado
Group,  Inc. (the  "Registrant"),  is filing this  registration  statement with
respect to the issuance of (i) an additional 67,000 shares of its Common Stock,
par value $0.01 per share (the "Common Stock") issuable under the Movado Group,
Inc.  Deferred  Compensation  Plan  For  Executives  (the  "Plan")  and (ii) an
additional  $14,000,000  of deferred  compensation  obligations  (the "Deferred
Compensation Obligations") which represent general unsecured obligations of the
Company to pay  certain  compensation  amounts  in the future to  participating
employees in accordance  with the terms of the Plan.  On October 11, 1996,  the
Registrant   filed  a  registration   statement  (the  "Original   Registration
Statement")  on Form S-8 (File No. 333- 13927) with  respect to the issuance of
the Common Stock and the Deferred Compensation  Obligations under the Plan. The
contents of the Original Registration Statement are hereby incorporated in this
registration statement by reference.



                                       1
<PAGE>


                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Act of 1933,  Movado
Group, Inc.  certifies that it has reasonable  grounds to believe that it meets
all of the  requirements  for  filing  on Form  S-8 and has  duly  caused  this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized,  in the City of Paramus,  State of New Jersey on this 25th day
of September, 2006.

                                 MOVADO GROUP, INC.


                                 By:  /s/ Gedalio Grinberg
                                      ----------------------------------------
                                      Name:  Gedalio Grinberg
                                      Title: Chairman of the Board of Directors


         Each person whose  signature  appears below  constitutes  and appoints
Efraim Grinberg, Richard J. Cote and Timothy F. Michno, and each of them as his
or her attorney, with full power of substitution and resubstitution, for and in
his or her name,  place and stead,  to sign and file the proposed  Registration
Statement  and any and all  amendments  and exhibits  thereto,  and any and all
applications  and other  documents to be filed with the Securities and Exchange
Commission pertaining to such securities or such registration,  with full power
and  authority  to do and  perform  any  and all  acts  and  things  whatsoever
requisite  and  necessary  to be done in the  premises,  hereby  ratifying  and
approving the acts of such attorney or any such substitute.

         Pursuant  to the  requirements  of the  Securities  Act of 1933,  this
registration  statement  has  been  signed  by  the  following  persons  in the
capacities and on the dates indicated:


        SIGNATURE                            TITLE
        ---------                            -----

/s/ Gedalio Grinberg            Chairman of the Board of Directors
-----------------------
    Gedalio Grinberg


/s/ Efraim Grinberg             President and Chief Executive Officer
--------------------------
    Efraim Grinberg


/s/ Richard J. Cote             Executive Vice President and Chief
--------------------------      Operating Officer
    Richard J. Cote


/s/ Eugene J. Karpovich         Senior Vice President and Chief Financial
--------------------------      Officer
    Eugene J. Karpovich


/s/ Margaret Hayes Adame        Director
--------------------------
    Margaret Hayes Adame


/s/ Donald Oresman              Director
--------------------------
    Donald Oresman


/s/ Leonard L. Silverstein      Director
--------------------------
    Leonard L. Silverstein


                                       2
<PAGE>

        SIGNATURE                            TITLE
        ---------                            -----

/s/ Alan H. Howard              Director
--------------------------
    Alan H. Howard


/s/ Nathan Leventhal            Director
--------------------------
    Nathan Leventhal


/s/ Richard D. Isserman         Director
--------------------------
    Richard D. Isserman




                                       3
<PAGE>

                                  EXHIBIT INDEX

 EXHIBIT                                                           SEQUENTIAL
  NUMBER                   DESCRIPTION OF EXHIBIT                 PAGE NUMBER
--------         ----------------------------------------------   -----------
    5      --    Opinion of Timothy F. Michno regarding
                    legality of the securities being registered
   23(a)   --    Consent of PricewaterhouseCoopers LLP
   23(b)   --    Consent of Timothy F. Michno (included in the
                    opinion filed as Exhibit 5)
   24      --    Power of Attorney (included on signature page
                    of this Registration Statement)



                                       4
[{"type": "S-8", "sequence": "1", "filename": "form_s-8.txt", "description": "FORM S-8", "secsgml_size_bytes": 9200}]
{"company-data": {"conformed-name": "MOVADO GROUP INC", "cik": "0000072573", "assigned-sic": "3873", "irs-number": "132595932", "state-of-incorporation": "NY", "fiscal-year-end": "0131"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-137573", "film-number": "061106898"}, "business-address": {"street1": "650 FROM ROAD", "city": "PARAMUS", "state": "NJ", "zip": "07652", "phone": "201-267-8000"}, "mail-address": {"street1": "650 FROM ROAD", "city": "PARAMUS", "state": "NJ", "zip": "07652"}, "former-company": {"former-conformed-name": "NORTH AMERICAN WATCH CORP", "date-changed": "19930916"}}
As filed with the Securities and Exchange Commission on September 25, 2006
                                                Registration No. 333-
===============================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  ___________

                                    FORM S-8
             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
                                  ___________

                               MOVADO GROUP, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

              NEW YORK                                       13-2595932
  (State or other jurisdiction of                         (I.R.S. Employer
   incorporation or organization)                      Identification Number)

                                  ___________

               650 FROM ROAD                                    07652
            PARAMUS, NEW JERSEY                               (Zip Code)
  (Address of Principal Executive Office)

                  MOVADO GROUP, INC. DEFERRED COMPENSATION PLAN
                                 FOR EXECUTIVES
                            (Full title of the plan)
                               __________________

                                TIMOTHY F. MICHNO
                                 GENERAL COUNSEL
                               MOVADO GROUP, INC.
                                  650 FROM ROAD
                            PARAMUS, NEW JERSEY 07652
                     (Name and address of agent for service)

                                 (201) 267-8000
          (Telephone number, including area code, of agent for service)
                               __________________

                                    Copy to:
                              LAWRENCE G. WEE, ESQ.
                    PAUL, WEISS, RIFKIND, WHARTON & GARRISON
                           1285 AVENUE OF THE AMERICAS
                             NEW YORK, NY 10019-6064
                                 (212) 373-3000
CALCULATION OF REGISTRATION FEE

---------------------------------------------------------------------------------------------------------
                                                 PROPOSED MAXIMUM    PROPOSED MAXIMUM
     TITLE OF SECURITIES TO BE    AMOUNT TO BE  OFFERING PRICE PER  AGGREGATE OFFERING      AMOUNT OF
            REGISTERED             REGISTERED          SHARE               PRICE         REGISTRATION FEE
=========================================================================================================
Common Stock, par value $0.01
     per share (1)...........          67,000         $23.43 (2)        $1,569,810 (3)        $184.77
---------------------------------------------------------------------------------------------------------
Deferred Compensation
     Obligations(4)..........     $14,000,000           100%           $14,000,000          $1,647.80
---------------------------------------------------------------------------------------------------------
-----------------------------
(1)  Represents  Common Stock  issuable under the Movado Group,  Inc.  Deferred
     Compensation Plan for Executives.
(2)  Estimated  solely for purposes of  calculating  the  registration  fee and
     calculated  pursuant to Rule 457(c),  based on the average of the high and
     low sale prices of the Common Stock on  September  18, 2006 as reported on
     the New York Stock Exchange.
(3)  Estimated solely for purposes of calculating the registration fee.
(4)  The Deferred Compensation  Obligations are unsecured obligations of Movado
     Group, Inc. to pay deferred  compensation in the future in accordance with
     the  terms  of the  Movado  Group,  Inc.  Deferred  Compensation  Plan for
     Executives.
===============================================================================
EXPLANATORY NOTE

         Pursuant to General Instruction E of Form S-8, the registrant,  Movado
Group,  Inc. (the  "Registrant"),  is filing this  registration  statement with
respect to the issuance of (i) an additional 67,000 shares of its Common Stock,
par value $0.01 per share (the "Common Stock") issuable under the Movado Group,
Inc.  Deferred  Compensation  Plan  For  Executives  (the  "Plan")  and (ii) an
additional  $14,000,000  of deferred  compensation  obligations  (the "Deferred
Compensation Obligations") which represent general unsecured obligations of the
Company to pay  certain  compensation  amounts  in the future to  participating
employees in accordance  with the terms of the Plan.  On October 11, 1996,  the
Registrant   filed  a  registration   statement  (the  "Original   Registration
Statement")  on Form S-8 (File No. 333- 13927) with  respect to the issuance of
the Common Stock and the Deferred Compensation  Obligations under the Plan. The
contents of the Original Registration Statement are hereby incorporated in this
registration statement by reference.

                                       1
SIGNATURES

         Pursuant to the  requirements  of the Securities  Act of 1933,  Movado
Group, Inc.  certifies that it has reasonable  grounds to believe that it meets
all of the  requirements  for  filing  on Form  S-8 and has  duly  caused  this
Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized,  in the City of Paramus,  State of New Jersey on this 25th day
of September, 2006.

                                 MOVADO GROUP, INC.

                                 By:  /s/ Gedalio Grinberg
                                      ----------------------------------------
                                      Name:  Gedalio Grinberg
                                      Title: Chairman of the Board of Directors

         Each person whose  signature  appears below  constitutes  and appoints
Efraim Grinberg, Richard J. Cote and Timothy F. Michno, and each of them as his
or her attorney, with full power of substitution and resubstitution, for and in
his or her name,  place and stead,  to sign and file the proposed  Registration
Statement  and any and all  amendments  and exhibits  thereto,  and any and all
applications  and other  documents to be filed with the Securities and Exchange
Commission pertaining to such securities or such registration,  with full power
and  authority  to do and  perform  any  and all  acts  and  things  whatsoever
requisite  and  necessary  to be done in the  premises,  hereby  ratifying  and
approving the acts of such attorney or any such substitute.

         Pursuant  to the  requirements  of the  Securities  Act of 1933,  this
registration  statement  has  been  signed  by  the  following  persons  in the
capacities and on the dates indicated:

        SIGNATURE                            TITLE
        ---------                            -----

/s/ Gedalio Grinberg            Chairman of the Board of Directors
-----------------------
    Gedalio Grinberg

/s/ Efraim Grinberg             President and Chief Executive Officer
--------------------------
    Efraim Grinberg

/s/ Richard J. Cote             Executive Vice President and Chief
--------------------------      Operating Officer
    Richard J. Cote

/s/ Eugene J. Karpovich         Senior Vice President and Chief Financial
--------------------------      Officer
    Eugene J. Karpovich

/s/ Margaret Hayes Adame        Director
--------------------------
    Margaret Hayes Adame

/s/ Donald Oresman              Director
--------------------------
    Donald Oresman

/s/ Leonard L. Silverstein      Director
--------------------------
    Leonard L. Silverstein

                                       2
SIGNATURE                            TITLE
        ---------                            -----

/s/ Alan H. Howard              Director
--------------------------
    Alan H. Howard

/s/ Nathan Leventhal            Director
--------------------------
    Nathan Leventhal

/s/ Richard D. Isserman         Director
--------------------------
    Richard D. Isserman

                                       3
EXHIBIT INDEX

 EXHIBIT                                                           SEQUENTIAL
  NUMBER                   DESCRIPTION OF EXHIBIT                 PAGE NUMBER
--------         ----------------------------------------------   -----------
    5      --    Opinion of Timothy F. Michno regarding
                    legality of the securities being registered
   23(a)   --    Consent of PricewaterhouseCoopers LLP
   23(b)   --    Consent of Timothy F. Michno (included in the
                    opinion filed as Exhibit 5)
   24      --    Power of Attorney (included on signature page
                    of this Registration Statement)

                                       4