Mergers & Acquisitions ·
Movado agrees to sell 95% stake in EBEL brand for $66.5M to Montres Journe-led group
MOVMovado Group Inc
Movado Group has entered into a definitive agreement to sell a 95% interest in its EBEL luxury watch brand to a strategic buyer group led by Montres Journe SA, with participation from Chanel and Pierre Jacques. The transaction is valued at approximately $66.5 million, subject to customary closing adjustments. Movado will retain a 5% minority stake in the business. The deal is expected to close in the fourth quarter of fiscal 2026, pending satisfaction of standard conditions including a pre-closing reorganization and regulatory approvals. This divestiture allows Movado to focus on its core accessible luxury portfolio while placing EBEL under ownership with specialized expertise for long-term growth. Movado Group designs, sources, and distributes watches and jewelry under brands such as Movado, MVMT, Calvin Klein, and Coach.