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
Tue, 23 Dec, 2003 - 06:25

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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CourtsBusinessHeathrowOrganisation: MovadoOrganisation: EbelOrganisation: Movado Group, Inc.Organisation: LVMHOrganisation: Moet Hennessy Louis Vuitton
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