4 stories selected from the day’s reporting. Chanel and François-Paul Journe consortium acquires Ebel for $66.5 million.
A consortium involving François-Paul Journe, Chanel and Pierre Jacques is acquiring Swiss watch brand Ebel from Movado Group for US$66.5 million. The deal transfers ownership of Ebel to the consortium, marking a new chapter for the brand.
Why it matters (interpretation): This suggests a potential strategic reset for Ebel under owners with different watchmaking and luxury-sector interests from Movado Group.
Portland-based artist Robbie Jones, known as @TinyAssProps, incorporates watches and pop culture into his artistic work.
Seiko’s new Prospex Speedtimer HBC003J1 and HBC004J1 omit the chronograph function in favor of an internal rotating countdown bezel, operated by a crown at four o’clock. The curved bezel features a luminous triangular marker, Arabic numerals at five-minute intervals and red markings for the first 15 minutes, recalling an element of the historic 6139-6002.
NOMOS Glashütte’s new Metro Datum Gangreserve eisblau uses the hand-wound DUW 4701 calibre, continuing a development story that began 23 years ago. Its patented power-reserve display dates to 2003, when 125 customers were invited to test the technology in everyday use.