Deals
Estee Lauder to Buy Designer Brand Tom Ford in $2.8 Billion Deal
- Marcolin to pay $250 million, extend licensing agreement
- Tom Ford’s namesake founder to stay as ‘creative visionary’
Tom Ford fragrances
Photographer: Anindito Mukherjee/BloombergEstée Lauder Cos. agreed to buy Tom Ford at a valuation of $2.8 billion, its largest-ever deal.
The acquisition gives Estée Lauder ownership of the valuable licensing agreement the company has had to sell Tom Ford’s fragrance and beauty lines for almost two decades.