Luxury Goods

Estée Lauder to acquire Tom Ford in $2.8bn deal

ELC said the deal’s benefits include securing the long-term cash flow from owning the fast-growing Tom Ford Beauty brand beyond the existing licence expiration in 2030

The Estée Lauder Companies (ELC) has announced it is set to acquire luxury brand Tom Ford in a deal that values the company at $2.8bn (£2.35bn).

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