StocksMedium•8 October 2026•
1 min read
Movado Group to Sell 95% Stake in EBEL Brand for $66.5 Million
Key Facts
1Movado Group entered into a binding agreement to sell a 95% interest in its EBEL luxury watch brand.
2The transaction is valued at $66.5 million, with the buyer being a strategic group led by Montres Journe SA and including Chanel.
Movado Group entered into a binding agreement to sell a 95% interest in its EBEL luxury watch brand. Business Wire reported that the transaction is valued at $66.5 million, with the buyer being a strategic group led by Montres Journe SA and including Chanel.
The sale represents a strategic divestment of the luxury brand to a group of specialized Swiss luxury watch manufacturers and investors. MOV closed at $32.56 on October 7, 2026, having reached a session high of $33.09 during the day.