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The Estée Lauder Companies in Talks to Purchase Tom Ford

The potential deal would be ELC’s biggest acquisition ever.

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By: Charlie Sternberg

Associate Editor

In June, we reported that American designer Tom Ford was working with Goldman Sachs on a valuation of his namesake company, which encapsulates beauty, fragrance, apparel, eyewear and accessories.
 
Now, according to sources familiar with the matter, The Estée Lauder Companies is in talks to purchase the luxury brand in what could be a $3 billion deal.
 
The Wall Street Journal says that the potential deal would be Estée Lauder’s biggest acquisition ever, but added that Estée Lauder is not the only suitor for Tom Ford.
 
Estée Lauder is especially interested in the beauty business, with which it already has a longstanding licensing deal. It could potentially look to license the clothing lines elsewhere, the people familiar with the matter said.
 
There are no guarantees the two sides will reach an agreement.

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