Cosmetics company Estée Lauder plans to acquire Tom Ford | Rare Techy


Estée Lauder Companies Inc. is set to announce the acquisition of the Tom Ford brand in a deal valued at $2.8 billion. Fashion business reports. The official statement should come already on Tuesday.

This would be Estée Lauder’s biggest acquisition to date and notably its first fashion brand. The company already owns Tom Ford Beauty, which he helped launch back in 2005, when the designer struck out on his own and founded his namesake company with Domenico De Sole. Ford expanded into the ready-to-wear market in 2010. With the latest acquisition, it also gains control of the brand’s apparel business, a first for a cosmetics company.


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