July 5, 2017 / 10:25 AM / 17 days ago

BRIEF-Movado Group says acquires Olivia Burton

1 Min Read

July 5 (Reuters) - Movado Group Inc:

* Movado Group acquires Olivia Burton

* Movado Group acquires Olivia Burton

* Deal expected to be immediately accretive to fiscal year 2018

* Movado Group funded this transaction with cash held outside U.S.

* Deal for ‍approximately £60.0 million GBP in cash​

* Olivia Burton will continue to operate under Lesa Bennett and Jemma Fennings, its founders, who will report to Grinberg, chairman and CEO Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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