Estée Lauder Announces Acquisition of Tom Ford for $2.8 Billion

Estée Lauder is acquiring Tom Ford for $2.8 billion, the venerable beauty brand announced Tuesday.

Through the new deal, the beauty conglomerate plans to add the designer label’s fragrances, cosmetics, skin care and apparel to its large portfolio of brands.

While the acquisition is subject to certain conditions, including regulatory approvals, it is expected to close during the first half of next year.

Read the source article at whio.com