for Tom Ford in August. The brand had actively been searching for a buyer with the help of investment bank Goldman Sachs and at the time, the number on the table was said to be around $3 billion, according to industry sources.
At a Deutsche Bank conference earlier this year in Paris, Travis said “Tom Ford and Jo Malone are two of our largest midsized brands that are knocking on the door of being over that $1 billion threshold to be large brands over the next couple of years.” Since Lauder emerged as an interested party, it had been speculated that Kering, too, was interested. Kering said it was looking at during its first-half results, although it did not specify whether it might follow in the footsteps of Hermès International by launching its own beauty lines, or whether it was on the hunt for acquisitions.
Should Kering prevail in the bidding for Tom Ford, it would represent a return to the fold of sorts for the designer who, of course, formed his formidable reputation in building the Gucci brand into a powerhouse as well as designing the Saint Laurent label. But the split between the-then PPR, the predecessor to Kering, and Ford and his business partner Domenico De Sole was far from amicable at the time. Ford and de Sole went on to launch the Tom Ford label after splitting with PPR.
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