Movado buys watch brand Ebel

Movado Group, Inc. today announced that it has agreed to acquire luxury watch brand Ebel from LVMH, Moet Hennessy Louis Vuitton, in an all-cash transaction valued at approximately $47.3m (€38.1m), subject to closing adjustments.

Movado buys watch brand Ebel

Movado Group, Inc. today announced that it has agreed to acquire luxury watch brand Ebel from LVMH, Moet Hennessy Louis Vuitton, in an all-cash transaction valued at approximately $47.3m (€38.1m), subject to closing adjustments.

The transaction is expected to close during the first quarter of calendar 2004.

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