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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.
The cosmetics company already has a licensing agreement with Tom Ford Beauty. This takeover would be the biggest ever for Estée Lauder, which has been listed on the stock market for some time. It has a market capitalization of over $96 billion.
It remains to be seen which group will have the final word on the story and to whom Tom Ford will turn to bequeath his capital and his brand.
Read also >Kering is in advanced talks to buy Tom Ford
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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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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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