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      • Estée Lauder’s agreement to acquire fashion firm Tom Ford appears to have made its founder a new billionaire. The cosmetics giant announced on Tuesday it was purchasing the fashion brand for $2.3 billion in cash and debt, plus $300 million in deferred payments that would be paid out beginning in July 2025.

      Tom Ford’s $2.8 Billion Deal To Sell His Fashion Brand To ...

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  3. www.forbes.com › sites › giacomotogniniTom Ford’s $2.8 Billion Deal To Sell His Fashion Brand To ...

    Nov 16, 2022 · Estée Lauder’s agreement to acquire fashion firm Tom Ford appears to have made its founder a new billionaire. The cosmetics giant announced on Tuesday it was purchasing the fashion brand for $2...

  4. www.cnn.com › 2022/11/16 › businessTom Ford is a newly minted billionaire, thanks to the $2.8B ...

    Nov 16, 2022 · Ford, 61, who launched The Tom Ford Brand in 2005 and grew it into a luxury clothing and accessories powerhouse, sold his company Tuesday to Estée Lauder Companies in a deal valued at $2.8...

    • Michelle Toh
    • 8 min

  5. www.nytimes.com › estee-lauder-tom-fordEstée Lauder Agrees to Buy Tom Ford Brand in $2.8 Billion Deal

    Nov 15, 2022 · Nov. 15, 2022. Tom Ford — designer, film director, art collector and fashion world provocateur — can now add one more accolade to his list: billionaire. On Tuesday, Estée Lauder announced it had...

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  7. www.elcompanies.com › en › news-and-mediaThe Estée Lauder Companies to Acquire the TOM FORD Brand

    Nov 15, 2022 · Press Release, Nov 15, 2022. The Estée Lauder Companies to Acquire the TOM FORD Brand. Transaction values Tom Ford at $2.8 billion. Ermenegildo Zegna Group and Marcolin S.p.A. enter long-term license agreements for TOM FORD fashion and TOM FORD eyewear, respectively.

  8. www.cbsnews.com › news › tom-ford-billionaire-soldTom Ford just sold his fashion brand to Estée Lauder. That ...

    Nov 17, 2022 · Estée Lauder announced this week it is acquiring Tom Ford's eponymous fashion company— likely making the designer a billionaire. The cosmetics company, which owns several other brands like MAC ...

    • caitlin.okane@paramount.com
    • 6 min

  9. www.independent.co.uk › life-style › fashionTom Ford becomes a billionaire after selling fashion brand to ...

    Nov 18, 2022 · Tom Ford has officially reached billionaire status after beauty giant Estée Lauder acquired the designer’s fashion brand in a $2.8 billion deal.

  10. www.voguebusiness.com › companies › estee-lauderEstée Lauder to acquire Tom Ford in $2.8 billion deal

    Nov 15, 2022 · Estée Lauder Companies has said it plans to acquire Tom Ford in a deal valued at $2.8 billion as it seeks to build momentum in the “promising category of luxury beauty”. The brand’s ready-to-wear will be produced under licence by Ermenegildo Zegna Group, which also owns Thom Browne.