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.
Read the full story at Italian Watch SpotterCoverage
- F.P. Journe e Chanel acquisiscono Ebel per 66,5 milioni di dollari!
- F.P. Journe e Chanel comprano Ebel per 66,5 milioni di dollari
- Chanel et F.P. Journe rachètent les montres Ebel
- Movado Group sells majority stake in Ebel to Montres Journe and Chanel
- A new era for Ebel: François-Paul Journe and Chanel take control
- Ebel Verkauf: Chanel und F.P. Journe übernehmen Schweizer Uhrenmarke
- F.P. Journe y Chanel acuerdan comprar a Movado Group el 95 % de Ebel