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Becomes sole owner of brand and all IP with Ermenegildo Zegna and Marcolin entering into long-term license agreements for fashion and eyewear, respectively.
November 15, 2022
By: Christine Esposito
Editor-in-Chief
After weeks of speculation, The Estée Lauder Companies Inc. has signed an agreement to acquire the Tom Ford brand. The transformational deal will establish its longstanding partner in beauty as the sole owner of the brand and all its intellectual property. Under the stewardship of ELC, the purchase of the Tom Ford brand and the extension of its current licensing partners will allow for continuity and the further evolution of the brand. The deal values the total enterprise at $2.8 billion. The ...
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