Ebel

Movado Sells Ebel to F.P. Journe and Chanel in Strategic Luxury Realignment

Movado Group has sold a 95% stake in its Ebel brand for $66.5 million to a consortium led by Montres Journe SA and Chanel. This strategic divestment allows Movado to focus on its core brands, while the new owners aim to revive Ebel's prestige and market presence.