Estée Lauder is buying Tom Ford in a deal worth $2.8 billion | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Two of the world’s top luxury icons are deepening their relationship

. In a landmark deal announced Tuesday, Estée Lauder Companies\n \n said it was acquiring its longtime partner Tom Ford. The agreement values the American fashion and beauty label at $2.8 billion and will be paid through a combination of cash, debt, and deferred payments that will be due in 2025. The deal is expected to close in the first half of next year, pending regulatory approvals.

Zegna, the Italian luxury house, will expand its current arrangement “to include a long-term license for all men’s and women’s fashion, as well as accessories and underwear,” they added. Marcolin will continue making sunglasses and optical frames with the Tom Ford brand. Tom Ford and Estée Lauder have been partners for more than 15 years, launching the Tom Ford Beauty brand together in 2006.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

brandon_m88 this is big if true

Tommy Hilfiger and Ford

Zalinsky has no choice but to agree with CNN. Biden said he won't get any more support unless he does. Why? Because NATO gave Ukraine those missiles and we can't have that fact publicized.

Biden, just admit it. You bought Russian missiles and gave them to Ukraine. What goes on behind the scenes will never be reported. But we have an interesting fact now.

The President of Ukraine has no choice but to say he launched the missile. Because the truth that NATO gave Ukraine Russian missiles or worse, Biden gave Ukraine Russian missiles, can not be said.

Funny how us citizens never get a voice when NATO buys Russian missiles. Totally unacceptable, but that is how those in power play their games. NATO or the US bought these missiles. But no one wants to talk about that.

How did Ukraine get a Russian missile? That is the question. I assume it came from the United States or NATO buying missiles from Russia. Now that makes sense. Shitty stuff done none of us would have allowed if we had the choice. But we never have a choice.

Wow cool. Meanwhile regular Americans can’t buy baby formula while Pete Buttigieg takes 4 months off for paternity leave.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 326. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Cosmetics Company Estée Lauder Is Set to Acquire Tom FordThe beauty behemoth already owns (and helped start) Tom Ford Beauty.
La source: Fashionista_com - 🏆 474. / 51 Lire la suite »

Cosmetics Company Estée Lauder Is Set to Acquire Tom Ford [Updated]UPDATE: It's now official, EsteeLauder has announced its acquisition of TOMFORD
La source: Fashionista_com - 🏆 474. / 51 Lire la suite »