Estée Lauder is reportedly in talks to purchase Tom Ford in an acquisition rumored to be valued at over $3 Billion, which might be the corporate’s entry into the high-end trend market. Estee Lauder Tom Ford
The worldwide cosmetics firm already holds the license to Tom Ford Magnificence, a perfume and make-up line that Ford developed in partnership with the group, and launched in 2011. If the deal goes by means of, Estée Lauder wouldn’t solely run Tom Ford’s garment and accent firm but additionally the model’s magnificence division. Per reviews, Estée Lauder would in all probability grant different companies a license to provide and promote stated clothes and equipment, which could weaken the model.
Estée Lauder Could Purchase Tom Ford For $3 Billion, Report Says https://t.co/M3CR7PHiKo pic.twitter.com/EDqxpV6KEj
— Forbes (@Forbes) August 1, 2022
Might the company be aiming to compete with Kering and LVMH by coming into the style business with its largest-ever rumored acquisition price $3 billion? Estée Lauder, which has sometimes bought beauty-first corporations like La Mer, Le Labo, and MAC Cosmetics, could also be making a change in course if the deal goes by means of. Estee Lauder Tom Ford
It’s straightforward to see how Estée Lauder helped Tom Ford Magnificence develop. The imprint, which is well-known for its high-end scent, has plenty of area to develop the class in addition to its modest number of skincare, bodycare, and grooming items. Moreover, the corporate has not but launched haircare.
Rumors that the corporate was on the market first began to unfold when Tom Ford recruited Goldman Sachs to research a sale in July. Ford and Estée Lauder have made no feedback relating to the prospect of an acquisition.
Featured picture: Tom Ford | Instagram
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