WSJ: Estée Lauder in talks to buy clothing brand Tom Ford
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American cosmetics giant Estée Lauder is in talks to buy fashion brand Tom Ford. informs The Wall Street Journal, citing sources. If completed, this deal will be the largest acquisition by a cosmetics company.
According to the interlocutors of the publication, the amount of the transaction may exceed $ 3 billion. However, other buyers also apply for the brand, so it is not a fact that the transaction will be successful. Estée Lauder’s market value is now estimated at $97.6 billion. The cosmetics maker’s shares have fallen 26% since the start of the year.
The Tom Ford brand was founded by American designer Tom Ford in 2005, before that he was the creative director at Gucci. The brand specializes in creating menswear, although it also has women’s lines, as well as cosmetics and perfumes.
This is not the first collaboration between Tom Ford and Estée Lauder. In particular, in 2005, the first perfume lines were created for the cosmetics company, in 2006, a joint production of cosmetics called Tom Ford Beauty was launched, and in 2019, Tom Ford, with the help of Estée Lauder developers, launched a new line of Tom Ford Research cosmetics. .
Estée Lauder (who collaborates with 30 brands, including Mac, Clinique, La Mer, DKNY and others) suspended all commercial activities in Russia on March 8. In addition to it, since the end of February, other perfume and cosmetic companies have done the same, including the specialized perfume and cosmetic chain Séphora, the cosmetic company L’Oreal (produces perfumes and cosmetics under the brands Lancome, Vichy, Biotherm and 30 other names).
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