April 6, 2018
Watch, jewelry brand sells for £60 million.
Founded by Lesa Bennett and Jemma Fennings in the U.K. in 2011, the company was sold for £60 million.
According to Movado, Olivia Burton’s revenue increased 64 percent to £15 million in the FY ending March 31, and is expected to generate approximately £25 million in net sales through March 2018.
The sale, funded in cash, completed on July 3.
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