Estée Lauder to acquire Tom Ford luxury fashion brand for $2.8bn
The Estée Lauder Companies (ELC), an American cosmetics company, has agreed to acquire the Tom Ford luxury brand and all its intellectual property for a total enterprise value of $2.8 billion. Under the proposed deal, Ermenegildo Zegna Group and Italian eyewear manufacturer Marcolin will enter long-term license agreements for Tom Ford fashion and Tom Ford […]