Movado Group sells 95% of EBEL to buyer group led by Chanel and Montres Journe
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Movado Group agreed to sell a 95% interest in EBEL for $66.5 million to a strategic buyer group on October 8, 2026. The buyer group is led by Montres Journe SA, which is associated with François-Paul Journe, and includes Chanel. Pierre Jacques has been appointed as the new Chief Executive Officer of EBEL, while Movado Group retains a 5% interest in the brand.
Why it matters
The sale represents a major change in the ownership and capital structure of EBEL, a premium luxury watch brand. This transaction allows Movado Group to sharpen its focus on its core portfolio while providing EBEL with a new ownership platform for long-term growth.
From finanznachrichten.de
Who's involved
- ChanelActively participates in the strategic buyer group for EBEL.
- EbelThe premium luxury watch brand whose majority interest was sold.
- JacquesAppointed to serve as the Chief Executive Officer of EBEL.
- François-Paul JourneLeads the strategic buyer group for EBEL.
- MovadoSold 95% of its interest in EBEL for $66.5 million.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- EbelSpeculative
EBEL might see changes in investment and operational direction under its new ownership.
How it developed
Newest first. Tap a step to see who reported it.Jacques has been appointed as the new CEO of EBEL following the sale.1 source
Chanel and Montres Journe join the strategic buyer group for EBEL after Movado Group sold 95% of the company.1 source