Movado Group, Inc. Enters Into Agreement to Sell Majority Interest in EBEL
PARAMUS, N.J. — Movado Group, Inc. (NYSE: MOV) today announced that it has entered into a binding agreement to sell a 95% interest in its EBEL brand for $66.5 million to a strategic buyer group led by Montres Journe SA (“Montres Journe”), a Geneva-based luxury watch manufacturer, with the participation of Chanel (“Chanel”), the luxury […]
We haven't written up this one. Financial Post has the full story — the link below goes straight to it.
