November, 15, 2022 The Estee Lauder Cos. is acquiring luxury powerhouse Tom Ford in a deal valued at $ 2.8 billion, marking the beauty firm`s biggest aquistion yet. As part of the deal announced Tuesday, Ermenegildo Zegna Group and Marcolin S.p.A. will enter long-term license agreements for Tom Ford fashion and Tom Ford eyewear, respectively.
While Estee Lauder said the deal values the total enterprise at $ 2.8 billion, the New York-based beauty company is expected to pay roughly $ 2.3 billion, ...
