foxbusiness.com/markets/estee-lauder-talks-buy-luxury-brand-tom-ford
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.
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