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Movado Group, Inc. (MOV) To Sell 95% of EBEL for $66.5M
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Movado Group, Inc. entered a binding deal to sell a 95% interest in EBEL for $66.5M to a buyer group led by Montres Journe with Chanel, subject to adjustments and closing conditions; Movado will retain 5% and provide transition services. Material Details #DetailAI Analyst View1Sell 95% of EBEL for $66.5MNon-core divestiture brings cash and refocuses portfolio; price signals valuation.2Movado retains 5% stakeKeeps upside participation while exiting control; limits future…