Corporate$MOV7:10 AM ET

Movado Group Sells 95% of EBEL Watch Brand for $66.5 Million

By BORSA NewsroomPublished Oct 8, 2026, 7:10 AM EDTUpdated Oct 8, 2026, 7:11 AM EDT

Movado Group is selling a 95% interest in its EBEL watch brand to a consortium led by Montres Journe for $66.5 million. Movado retains a 5% stake. Chanel and watch executive Pierre Jacques are also part of the buyer group, with Jacques becoming EBEL's CEO.

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WHAT WE KNOW

Sale price: $66.5 million for 95% of EBEL.
Movado retains 5% stake.