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Estée Lauder Nears Tom Ford Acquisition, Licensing Deals

  • Deal to include licensing agreements for eyewear, apparel
  • Tom Ford transaction could be announced as soon as Tuesday

Estée Lauder Cos. is close to announcing a deal for US luxury brand Tom Ford, according to people familiar with the matter. 

The transaction will include licensing agreements of Tom Ford’s eyewear and apparel businesses to other brands, said one of the people, who asked not to be identified discussing private information. A deal could value Tom Ford at about $2.8 billion, another person said.