Tom Ford Steps Down as Creative Director of Tom Ford Fashion House – Kommersant
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American fashion designer Tom Ford officially ceased to be the creative director of the fashion house Tom Ford after the completion of the deal for the purchase of this house by the American company The Estee Lauder Companies. Two days earlier, the fashion designer presented his latest womenswear collection, designed for the Tom Ford fashion house, which he created himself in 2005.
The Estee Lauder Companies announced today to complete the acquisition of the Tom Ford brand and all of its intellectual property. The volume of the transaction, about which the parties reported in mid-November 2022, amounted to $2.8 billion.
In a separate press release, The Estee Lauder Companies announced the new leadership of Tom Ford. Guillaume Jeselle is appointed CEO, and Peter Hawkins is Creative Director. The head of Tom Ford Fashion will be appointed in July. Tom Ford and Domenico De Sole, who has held the position of chairman of the board of directors of Tom Ford International until the end of this year, will serve as consultants for the Tom Ford brand.
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