Estée Lauder acquires fashion house Tom Ford
American cosmetics and perfume maker Estée Lauder has announced a deal to acquire fashion house Tom Ford after four months of negotiations. The corresponding message was published on the company’s website.
The company has bought a brand for $2.8 billion. For Estée Lauder, this deal was the largest in the history of the company. Information about the negotiations between the two companies appeared in August 2022.