Movado to sell 95% of EBEL for $66.5M
Movado Group entered a binding deal to sell a 95% interest in EBEL for $66.5M to a buyer group led by Montres Journe, with Movado retaining 5% and providing transition services, subject to adjustments and closing conditions.
Movado Group, Inc. 5M to a buyer group led by Montres Journe and Chanel, subject to adjustments and closing conditions. Movado will keep the remaining 5% stake and provide transition services.