Estee Lauder Makes Tom Ford Beauty Entirely Its Own In Deal Valued At $2.8Bn

 
• By Eileen Francis

Estee Lauder’s agreement values Tom Ford Beauty and its trademarks at $2.8bn. Acquisition will “fortify" growth plans for the brand and help to fuel long-term luxury beauty momentum, says CEO Fabrizio Freda.

Tom Ford Beauty
Tom Ford Beauty comprises face, lip and eye products, as well as fragrances including Black Orchid, Costa Azzurra and Ombre Leather. • Source: Estee Lauder

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