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The greatest acquisition of a cosmetics business in history, according to reports, would involve Estee Lauder Cos. purchasing the luxury fashion label Tom Ford for $3 billion or more.
The sources claim that there is no assurance that the two parties will come to an agreement because Estee Lauder is not the only company interested in purchasing Tom Ford.
According to them, Estee Lauder is especially interested in licensing Tom Ford's cosmetics division, with whom it already has a long-standing licensing agreement. Estee Lauder may also explore to license clothing brands.
According to a Bloomberg report from early July, Tom Ford was for sale.
source: wsj.com
The sources claim that there is no assurance that the two parties will come to an agreement because Estee Lauder is not the only company interested in purchasing Tom Ford.
According to them, Estee Lauder is especially interested in licensing Tom Ford's cosmetics division, with whom it already has a long-standing licensing agreement. Estee Lauder may also explore to license clothing brands.
According to a Bloomberg report from early July, Tom Ford was for sale.
source: wsj.com