Latest fashion industry deals

Date: October 2022
Buyer: Estée Lauder Companies Inc
Target: Tom Ford
Business: Luxury brands
Value: $2.3b
Details: Estée Lauder Companies Inc. has announced that it is to acquire the Tom Ford brand, in a deal that values the Tom Ford business at $2.8b. The acquisition will be financed through a combination of cash, debt and a deferred consideration of $300m (to be paid from July 2025). In addition, Estée Lauder is to receive a $250m payment from global eyewear manufacturer Marcolin Group – Tom Ford’s long-time collaborator on sunglasses – upon closing, with Marcolin’s manufacturing licence with Tom Ford to be “substantially extended”. To date, Estee Lauder has owned the licence to Tom Ford Beauty, a division of the Tom Ford brand, with the existing licence set to expire in 2030. Going forward, as complete owner of Tom Ford Beauty, Estee Lauder states that over the next couple of years it expects Tom Ford Beauty alone “will achieve annual net sales of $1 billion”.

Date: November 2019
Buyer: Estée Lauder
Target: Dr Jart+ cosmetics
Business: Beauty, skin care products
Value: Around $1.1 billion
Details: Estée Lauder is acquiring two-thirds of the share capital of the owner of growing Seoul-based skin care company Dr Jart+ cosmetics, Estée Lauder already owns a minority stake in the business.




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