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Estee Lauder bought fashion house Tom Ford


Cosmetics maker Estee Lauder bought fashion house Tom Ford for $2.8 billion

American cosmetics and perfume maker Estee Lauder has announced a deal to acquire fashion house Tom Ford after four months of negotiations. Posted a related message on the site companies

The company bought a brand for $2.8 billion. For Estee Lauder, the deal was the largest in the company’s history. In August 2022, information about the negotiations between the two companies came to light.

Several foreign brands of cosmetics and perfumes will return to the Russian market after the Ministry of Industry and Trade included them in the exceptions to parallel imports, it was previously reported. Products from foreign brands such as Lancôme, Redken, Yves Saint Laurent, Giorgio Armani and Kérastase are expected to be available in Russia again.

Source: lenta.ru/

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