Estée Lauder to Acquire Tom Ford in New Deal Worth Billions

In major news within both the beauty and fashion industries, cosmetics giant Estée Lauder has announced that it will acquire luxury label Tom Ford. After achieving success with the fashion house’s beauty arm, Tom Ford Beauty, the global beauty company will now buy the rights to the entire brand for approximately $2.8 billion, including its highly sought-after clothing and accessories empire. “We are incredibly proud of the success TOM FORD BEAUTY has achieved in luxury fragrance and makeup and its dedication to creating desirable, high-quality products for discerning consumers around the world,” said Fabrizio Freda, President and Chief Executive Officer… Read Full Article