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Movado To Sell 95% Interest In EBEL Brand
Source: Nasdaq
M&A & RestructuringCompany Fundamentals
Movado Group entered a binding agreement to sell a 95% interest in its EBEL brand for $66.5 million to a strategic buyer group led by Geneva-based luxury watch manufacturer Montres Journe SA. Chanel is also participating in the buyer group; the article text is truncated before identifying another participant or providing further terms.
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