Movado Group agrees to sell 95% of EBEL watch brand for $66.5 million
Movado Group entered into a definitive agreement, effective October 5, 2026, to sell a 95% interest in its EBEL watch brand to a buyer group led by Montres Journe SA, with participation from Chanel and Pierre Jacques. Movado will keep a 5% stake, and the approximately $66.5 million consideration is subject to customary closing adjustments. The filing does not state EBEL's financial results or the expected effect of the sale on Movado's earnings.
Key points
- Buyer group led by Montres Journe SA, with participation from Chanel and Pierre Jacques, who will serve as EBEL's CEO
- Consideration expected to total approximately $66.5 million, subject to customary closing adjustments
- Movado retains a 5% interest in EBEL
- Closing expected in the fourth quarter of fiscal 2026, subject to customary conditions including a pre-closing reorganization
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.