Estée Lauder to buy Tom Ford for over $3 billion
Estée Lauder is reportedly in talks to buy Tom Ford for a hefty sum, according to the Wall Street Journal.
US cosmetics giant Estée Lauder is reportedly considering an acquisition of luxury brand Tom Ford, reports the Wall Street Journal, citing unnamed sources. Estée Lauder is said to be “particularly interested” in Tom Ford’s beauty division, which it already licenses, the newspaper said.
Bloomberg reported last month that Tom Ford had hired Goldman Sachs for a potential sale. Still according to the Wall Street Journal, other suitors are also interested in buying the brand.
Tom Ford, whose path led him to Gucci and Yves Saint Laurent in the 2000s as artistic director, created his eponymous brand in 2004, focusing on cosmetics and fragrances. He launched the Tom Ford Black Orchid fragrance in 2006 and a mixed line in 2007, followed by the Tom Ford Beauty collection in 2011.
Estée Lauder said Tom Ford Beauty sales grew by double digits in its most recent third quarter, thanks in part to the launch of new fragrances, including Rose D’Amalfi. The multi-billion dollar acquisition of Tom Ford would make it its largest acquisition to date.
Read also > Estée Lauder sales forecast down : L’Oréal’s share price impacted
Featured photo : © Estée Lauder
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Passionnée depuis son plus jeune âge par l’art et la mode, Hélène s’oriente vers une école de stylisme, l’Atelier Chardon-Savard à Paris, avec une option Communication. Afin d’ajouter des cordes à son arc, elle décide de compléter sa formation par un MBA en Management du Luxe et Marketing Expérientiel à l’Institut Supérieur de Gestion à Paris dont elle sort diplômée en 2020. Elle a notamment écrit des articles lifestyle et beauté pour le magazine Do it in Paris et se spécialise en rédaction d’articles concernant le luxe, l’art et la mode au sein du magazine Luxus Plus.********** [EN] Passionate about art and fashion from a young age, Hélène went to a fashion design school, Atelier Chardon-Savard in Paris, with a Communication option. In order to add more strings to her bow, she decided to complete her education with an MBA in Luxury Management and Experiential Marketing at the Institut Supérieur de Gestion in Paris from which she graduated in 2020. She has written lifestyle and beauty articles for Do it in Paris magazine and specializes in writing articles about luxury, art and fashion for Luxus Plus magazine.