Estée Lauder Cos. is in talks to buy Tom Ford, according to people familiar with the matter. It could be a $3 billion or more deal representing the cosmetics giant's largest-ever acquisition. New York-based Estée Lauder primarily sells skin-care products, cosmetics and perfume.

Estée Lauder isn't the only suitor for Tom Ford, one of the people said. Closely held Tom Ford is best-known for its menswear, though it also sells womenswear and accessories as well as a fast-growing, high-end line of cosmetics and fragrances.

Tom Ford's beauty business is considered a so-called ultra-prestige brand. Estée Lauder executives mentioned on its fiscal third-quarter earnings call that Tom Ford was among a handful of brands with double-digit sales growth. In 2005, Tom Ford consulted for the company on a fragrance, Youth-Dew Amber Nude.

Mr. Ford founded his eponymous brand after a long stint as creative director at Gucci. A young Mr. Ford was depicted in the 2021 film "House of Gucci" Estée Lauder has been an active acquirer over the years, but its deals have been relatively small.
Posted by
Tap to Copy the Short Url to This Post: 
One-Stop Business News backed by Mark Cuban. Free to Use →