Tom Ford, the luxury brand founded by the former longtime creative director for Gucci, is believed to be exploring a potential sale.
A deal could value the company at several billion dollars and may include an option that would give any new owner of Tom Ford the right to work with its founder after the sale, one of the people said.A representative for Tom Ford couldn’t immediately be reached for comment. A spokesperson for Goldman declined to comment.
While inflation dampens everyday spending, especially for US consumers, higher-end goods tend to be less affected unless a prolonged bear market hits the wealthy, said David Swartz, an equity analyst at Morningstar Research. Ford, an Austin, Texas, native started his namesake company in 2005, a year after leaving Gucci, which he revitalized during a decade-long stint as creative director.