Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Instagram Outage Disrupts Thousands of U.S. Users 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
The Estée Lauder Companies Inc. announced it is now the sole owner of the Tom Ford brand as it finally completed the acquisition process. The New York City-based cosmetic company is now the exclusive owner of the luxury fashion house’s intellectual property (IP) as well.
The deal values Tom Ford SA at $2.8 billion, and this was paid through various means - a combination of cash on hand, $250 million fund received from Marcolin S.p.A., and profits from the issuance of commercial paper. Estée Lauder paid around $2.25 billion at closing and has an additional aggregate amount of $300 million in deferred payments to the sellers which will be due starting July 2025.
With ELC taking over the company, coupled with its licenses with the Marcolin Group and Ermenegildo Zegna N.V., the Tom Ford brand can continue to grow and develop in the fashion industry. In any case, it was in November 2022 when Estée Lauder revealed it agreed to buy Tom Ford. The deal proceeded with the expectation that the brand would also bring the apparel business to ELC, which has been strictly focused on beauty for years.
The New York Times reported that it was the largest deal in the luxury space last year. The purchase comes as major brands set out to look for new growth drivers as business operations in China, which has been a haven for luxury brands, have become difficult due to pandemic restrictions.
At that time, The Estée Lauder Companies’ president and chief executive officer, Fabrizio Freda, said in a press release, “We are incredibly proud of the success TOM FORD BEAUTY has achieved in luxury fragrance and makeup and its dedication to creating desirable, high-quality products for discerning consumers around the world.”
He added, “As an owned brand, this strategic acquisition will unlock new opportunities and fortify our growth plans for TOM FORD BEAUTY. It will also further help to propel our momentum in the promising category of luxury beauty for the long-term while reaffirming our commitment to being the leading pure player in global prestige beauty.”
