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Thread: Estee Lauder to buy Tom Ford in a deal valued at $2.8B...

  1. 11-16-2022, 07:17 AM #1
    DGUtley
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    Exclamation Estee Lauder to buy Tom Ford in a deal valued at $2.8B...

    Estee Lauder to buy Tom Ford in a deal valued at $2.8B...

    (Full disclosure - I had no idea what a Tom Ford is)

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    FILE - Tom Ford attends the CFDA Fashion Awards at The Pool and The Grill on Nov. 10, 2021, in New York. Estee Lauder is acquiring luxury powerhouse Tom Ford
    in a deal valued at $2.8 billion in a deal announced Tuesday, Nov. 15, 2022. (Photo by Evan Agostini/Invision/AP, File)



    The Estee Lauder Cos. is acquiring luxury powerhouse Tom Ford in a deal valued at $2.8 billion, marking the beauty firm’s biggest acquisition yet. As part
    of the deal announced Tuesday, Ermenegildo Zegna Group and Marcolin S.p.A. will enter long-term license agreements for Tom Ford fashion and Tom Ford eyewear, respectively.

    While Estee Lauder said the deal values the total enterprise at $2.8 billion, the New York-based beauty company is expected to pay roughly $2.3 billion, after a $250 million payment from Italian eyewear manufacturer Marcolin SpA. The purchase, subject to regulatory approvals, is slated to close in the first half of 2023.

    Under the agreement, Tom Ford, founder and CEO of Tom Ford International, will remain the brand’s creative visionary through the end of 2023. Domenico De Sole, chairman of Tom Ford International, will stay on as a consultant until that same time.



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  2. 11-16-2022, 12:45 PM #2
    OLD GUY IN FLORIDA
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    Tom Ford is a super expensive fa ggotty line for poof boys.
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    RMNIXON (11-16-2022)
  4. 11-16-2022, 01:18 PM #3
    Abby08
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    Quote Originally Posted by OLD GUY IN FLORIDA View Post
    Tom Ford is a super expensive fa ggotty line for poof boys.

    I thought he had something to do with automobiles.
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  6. 11-16-2022, 02:36 PM #4
    RMNIXON
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    Quote Originally Posted by OLD GUY IN FLORIDA View Post
    Tom Ford is a super expensive fa ggotty line for poof boys.
    Not to mention the kind of people who spend huge amounts of money on this stuff because it is so damn expensive and the name sells the product. I call that a con job no matter how rich you are.
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  8. 11-16-2022, 02:43 PM #5
    LescoBrandon
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    Looks like he got those sunglasses in the fishing section at Walmart.

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  9. 11-17-2022, 02:56 PM #6
    jigglepete
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    Quote Originally Posted by LescoBrandon View Post
    Looks like he got those sunglasses in the fishing section at Walmart.

    Attachment 53328
    Two for a dollah...
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