Estée Lauder Buys Tom Ford for $2.3 Billion

An illustrated version of the press release

“Breaking news” from HAPPI on November 15, 2022:

Estée Lauder Companies To Acquire Tom Ford Brand in $2.3 Billion Deal

The transformational deal will establish its longstanding partner in beauty as the sole owner of the brand and all its intellectual property.

Intellectual property.

“We are honored that Tom Ford has been part of our ELC family for more than fifteen years, from our first collaboration with the Estée Lauder brand to the launch of Tom Ford Beauty and through its most recent successes,” said William P. Lauder, executive chairman, The Estée Lauder Companies.

Part of our family.

“We are incredibly proud of the success Tom Ford Beaty [sic] has achieved in luxury fragrance and makeup and its dedication to creating desirable, high-quality products for discerning consumers around the world,” said Fabrizio Freda, president and CEO, The Estée Lauder Companies.

High-quality products for discerning consumers.

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Hat tip to Beirut Boy.