Movado Group agrees to sell majority interest in Ebel
MOV•Movado Group agreed to sell a 95% interest in Ebel for $66.50 million and retain a 5% interest. Pierre Jacques will serve as Ebel’s CEO following the deal.
1. Ebel sale agreement
Movado Group agreed to sell a 95% interest in Ebel for $66.50 million, while retaining a 5% interest. Pierre Jacques will serve as Ebel’s CEO following the deal.
