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: This suggests a potential strategic reset for Ebel under owners with different watchmaking and luxury-sector interests from Movado Group.
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