The Estée Lauder Companies finalises Tom Ford brand acquisition in US$2.8 billion deal
The Estée Lauder Companies (ELC) has announced it has signed an agreement to acquire the Tom Ford brand and all its intellectual properties in a deal worth US$2.8 billion.
Has Estee Lauder clinched Tom Ford deal for US$2.8 billion?
The Estee Lauder Companies is poised to clinch a deal for Tom Ford for US$2.8 billion, according to a report published by the Financial Times. At the time of writing, an official announcement was expected imminently but was not released before our news deadline.
Kering could be entering the fray for Tom Ford and the markets like it
Shares in Kering rose at the close of last week as rumors that the owner of Gucci was in the running to acquire Tom Ford swirled around the markets, according to a report published by Reuters.
L’Oréal names President, Mugler Fashion and Fragrances
L’Oréal has named Daniele Lahana-Aidenbaum Global President of its recently acquired Mugler fashion and fragrance brand, according to a report published by Fashion Network, effective immediately.
Turn DOWN the heat: Louis Vuitton dials down the thermostat amid energy crisis
LVMH’s signature fashion brand, Louis Vuitton has announced that it will be adjusting the thermostats and turning off the lights earlier as part of energy saving measures designed to help the label do its bit to combat the energy crisis this winter, according to a report published by The Guardian.
A mark of respect: Burberry and Raf Simons cancel LFW shows following death of Queen
Following the death of Queen Elizabeth II last week, British brand Burberry and designer Raf Simons have both announced that their catwalk shows will not proceed next week as originally planned as ‘a mark of respect’.
Farfetch and Alabbar to acquire Yoox Net-a-Porter in a bid to ‘advance the digitalisation of the luxury industry’
Farfetch and Alabbar are set to acquire a 47.5 percent and 3.2 percent stake, respectively, in Yoox Net-a-Porter, which will make YNAP a neutral platform with no controlling shareholder.
Estee Lauder Companies to buy-out Tom Ford beauty brand?
The Estee Lauder Companies (ELC) is said to be mulling a buy-out of beauty brand Tom Ford in a potential US$3 billion deal, according to a report by Reuters.
Tom Ford calls in Goldman Sachs to explore a sale
Luxury fashion brand Tom Ford is said to be exploring the possibility of putting itself up for sale and has called in Goldman Sachs to lay the groundwork, according to a report published by Bloomberg quoting sources ‘familiar with the matter’.
Authentic Brands drops lawsuit against Bolt
Authentic Brands has settled and agreed to dismiss its lawsuit against checkout tech firm Bolt. Both companies plan to continue the partnership offering seamless one-click checkout to ABC’s brands Forever 21 and Lucky Brand.
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