Estee Lauder in talks to acquire Tom Ford brand – WSJ

2022.08.01 19:06

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FILE PHOTO: An Estee Lauder cosmetics counter is seen in Los Angeles, California, U.S., August 19, 2019. REUTERS/Lucy Nicholson/File Photo

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(Reuters) – Cosmetics maker Estee Lauder (NYSE:EL) Cos Inc is in talks to acquire luxury brand Tom Ford in what could be a $3 billion deal, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Estee Lauder and Tom Ford did not immediately respond to Reuters’ requests for comment.

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