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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

Tom Ford fragrances

Photographer: Anindito Mukherjee/Bloomberg
Updated on

Estée 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.