In November, The Estée Lauder Cos. became the brand new owner of Tom Ford, marking the beauty giant’s first enterprise into the style world and its biggest deal ever.
The acquisition also paved the best way for the enduring designer to potentially exit the industry.
Paying $2.3 billion to accumulate the posh fashion, beauty and eyewear brand, Lauder outbid rival Kering, which was reported earlier that month to be a front-runner for the corporate.
As a part of the deal, Ermenegildo Zegna Group and Marcolin SpA entered into long-term license agreements for Tom Ford fashion and Tom Ford eyewear, respectively. Marcolin has been the eyewear licensee since 2005, while Zegna has had the license for Tom Ford menswear since around 2006. Now, it’s chargeable for all of Tom Ford’s fashion business, marking...
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