Movado Group, Inc. Enters Into Agreement to Sell Majority Interest in EBEL
Movado Group, Inc. (NYSE: MOV) today announced that it has entered into a binding agreement to sell a 95% interest in its EBEL brand for $66.5 million to a strategic buyer group led by Montres Journe SA (Montres Journe), a Geneva-based luxury watch manufacturer, with the participation of Chanel...