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Reports circulate that the beauty giant is in negotiations with the famed designer who it has worked with since 2005 in license agreement.
August 2, 2022
By: TOM BRANNA
Editor
Reports are swirling that Estée Lauder Companies may buy Tom Ford in a deal that could be valued at $3 billion. The New York-based beauty giant—No. 2 in Happi’s 2022 Top 50 Report—has an existing licensing agreement with the designer that began in 2005. The agreement includes the development and distribution luxury fragrances and beauty products under the Tom Ford brand name. Tom Ford helped propel Lauder’s fragrance performance in fiscal 2021. ELC, in its most recent annual report, noted ...
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