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Movado Sells Ebel To F.P. Journe And Chanel
Original: Business News Movado Selling Ebel To F.P. Journe And Chanel In Deal Heralding Comeback Of Once Mighty Swiss Brand
Movado has agreed to sell the Swiss watchmaker Ebel to a partnership of independent watch brand F.P. Journe and luxury house Chanel, in a deal described as heralding a comeback for Ebel, once one of Switzerland's most prominent watch brands. The sale ends Movado's long ownership of the marque and hands it to new owners seen as capable of reviving its standing in watchmaking.
Why now: A significant ownership change in the luxury watch industry, reuniting a historic Swiss brand with buyers expected to restore its prestige.
MovadoEbelF.P. JourneChanelSwitzerland
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