Sale of Olivia Burton to Movado Group Inc
IndustryRetail & Consumer
BDO advised the shareholders of Olivia Burton on the sale of the business to Movado Group Inc. Olivia Burton is a one of the UK’s fastest growing fashion watch and jewellery brands. Since 2012, the Company has experienced significant growth in the UK and is in the early stages of expanding internationally. Driving Olivia Burton’s growth is an increase in its core UK market, expansion of the brand beyond the UK including to the U.S, and a focus on its e-commerce platform. The deal results in the addition of a compelling brand with significant global growth potential to Movado’s portfolio.
“We have had a great experience working with BDO. Throughout the process of selling our business they were always on hand to offer timely, friendly and honest advice. Much of the pressure was taken away by the team who were willing to work hard and roll up their sleeves at all times in order to get the deal done. The communication, negotiation and advisory skills enabled us to achieve a valuation far beyond that of what we initially thought achievable. It was clear that they always had our interests at the forefront of their work and this is evident in the deal that they managed to achieve for us. For us it was a very personal experience that Laura truly helped us navigate and we would recommend the team to anyone looking to sell their business.”
Jemma Fennings and Lesa Bennett, Founders and Shareholders of Olivia Burton