Tag Archives: Cosmetic giant Estée Lauder to buy Tom Ford brand for $2.8bn

Luxury beauty brand Estée Lauder said in a statement Tuesday it had agreed to buy designer Tom Ford’s company for $2.8 billion. The deal, which values Ford’s business at $2.8 billion, will see the US fashion superstar remain in his position as creative director until the end of next year, the statement said. Bringing the brand under the “stewardship” of …

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