Report: Estée Lauder in Talks to Acquire Tom Ford For $3 Billion or More

A report in the

said that the beauty conglomerate is in acquisition talks with the Los Angeles-based luxury fashion brand, which went on the market earlier this summer. Estée Lauder has long held the license to Ford’s cosmetics and fragrance lines, which he developed in partnership with the group. (In 2017, Tom Ford was on track to generate nearly $2 billion, including eyewear, fragrance, cosmetics, ready-to-wear,…