On Saturday, the Financial Times announced that Estée Lauder would be on the verge of buying the Tom Ford label for 2.8 billion dollars, including debt. Kering would also be in the running.
The prestigious cosmetics group, which distributes brands such as Mac, Clinique and Aveda, has been in talks since last week with Tom Ford for a possible acquisition of the brand.
The Wall Street Journal had announced last August that a potential acquisition would be possible. A few months later, the magazine adds that the world’s second largest luxury group, Kering, is also in advanced discussions to buy the American fashion house.
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