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Tom Ford

Done Deals: Vista Outdoor Closes Its Acquisition of Fox Racing + More News

Click here to read the full article. Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at web@footwearnews.com. Aug. 8, 2022: Vista Outdoor Inc. announced today that it has closed its acquisition of Fox Racing, paying a gross purchase price of $540 million, subject to customary closing adjustments. Also, the Vista stated there is potential for an additional $50 million earnout based on the motocross brand’s financial performance. (For calendar year 2022, Vista stated Fox Racing’s full-year net sales and adjusted EBITDA are expected to be approximately...
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Tom Ford Releases a New Signature Fragrance + More Beauty News

Plus, Keys Soulcare now has an SPF product. Tom Ford presents new fragrance Noir Extreme Parfum. Tom Ford has debuted a new fragrance, Noir Extreme Parfum, and it’s set to be the brand’s latest signature scent. Opening with a generous dose of cardamom and warm yet bright greetings from Shimoga ginger, the parfum makes itself known. It then releases notes of citrus, saffron, nutmeg and warm wood, while rose and jasmine close it off with a floral veil. It’s a balanced cocktail of aromas. As Tom Ford puts it, “Noir Extreme Parfum expresses the dramatic duality of a refined man.”
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Tom Ford Introduces Eco-Friendly N.004 Timepiece

Tom Ford reminds us that sustainability can also be luxurious. On Wednesday, the American fashion label officially released its N.004 Timepiece, marking the third installment of its Ocean Plastic Timepieces series. The Swiss-crafted design features a minimal 27mm x 48.5mm case with a stainless steel caseback plated in PVD. It also comes with the signature Tom Ford braided strap made from 100 percent ocean plastic, a 3 ATM rating, and two-hand quartz movement.
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Estée Lauder May Buy Tom Ford in a Deal Worth $3 Billion

Click here to read the full article. Last month, American designer Tom Ford was reportedly working with investment bank Goldman Sachs to create a valuation of his eponymous fashion label. Now cosmetics company Estée Lauder is in talks to buy the brand in what would be its most expensive acquisition to date. Though Ford hasn’t publicly put a price tag on the business, the deal could be worth $3 billion or more, according to a report in the Wall Street Journal. Estée Lauder, of course, sells skin-care products, perfume and more, with recognizable brands such as MAC, Clinique and La Mer...
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Tom Ford Unveils Next Chapter in Ocean Plastic Timepieces Series

Click here to read the full article. Tom Ford has launched the third iteration of his Ocean Plastic Timepieces series with the N.004, which is made of ocean plastic.   “I love that by producing these timepieces we are helping clean up the ocean by removing plastic from the waters as well as permanently preventing more waste from ever going back into it,”  Ford said via email. “For every 1,000 Ocean Plastic Timepieces we produce, we permanently remove and prevent the equivalent of 35,000 bottles of plastic waste, which is equivalent to 490 pounds of plastic trash from entering the ocean.”More from...
ENVIRONMENT

Estee Lauder in talks to acquire Tom Ford brand for $3B: report

Cosmetics maker Estee Lauder is in talks to acquire luxury brand Tom Ford in what could be a $3 billion deal, the Wall Street Journal reported on Monday, citing people familiar with the matter. The potential deal would be the Clinique brand owner’s biggest acquisition ever, the report said, adding Estee is not the only suitor for Tom Ford. Estee Lauder declined to comment, while Tom Ford did not immediately respond to a Reuters request for comment. The move could help Estee beef up its luxury offerings at a time when demand for high-end apparel and accessories remains resilient as luxury consumers continue to splurge on goods despite record inflation in the United States. Founded by fashion designer Tom Ford in 2005, the luxury brand is known for its menswear, but also counts women’s apparel, handbags, cosmetics and perfumes as part of its product line. Estee is especially interested in Tom Ford’s beauty business and could potentially look to license the brand’s apparel offerings elsewhere, the report said. Also known for brands like La Mer and M.A.C., Estee Lauder, whose shares have lost more than 26% in value this year, has a market cap of $97.59 billion, according to Refinitiv data.
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Estée Lauder in talks to buy luxury brand Tom Ford

Estée Lauder Cos. is in talks to buy luxury fashion brand Tom Ford, according to people familiar with the matter, in what could be a $3 billion or more deal representing the cosmetics giant's largest-ever acquisition. New York-based Estée Lauder primarily sells skin-care products, cosmetics and perfume. Its brands...
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Estée Lauder May Acquire Tom Ford For $3 Billion, Report Says

Beauty company Estée Lauder Cos. is in talks to buy fashion brand Tom Ford for at least $3 billion, the Wall Street Journal reported Monday, one month after Bloomberg reported the luxury label was exploring a sale. Key Facts. The potential Tom Ford deal would be the largest acquisition...
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Estée Lauder in talks to buy Tom Ford in a deal that could be valued at more than $3 billion--WSJ

Estée Lauder Companies has held talks to buy luxury fashion brand Tom Ford, in a deal that could be valued at $3 billion or more, according to a report in The Wall Street Journal. Shares of New York-based Estée Lauder, which sells skin care, makeup and fragrance products under brands that include MAC, Clinique, Origins and Estée Lauder, edged up 0.1% in midday trading Monday. The WSJ report, which cited people familiar with the matter, said there is no guarantee that an agreement will be reached, as Estée Lauder isn't the only suitor for Tom Ford. If an agreement is reached, a deal valued at $3 billion would represent the Estée Lauder's biggest acquisition. Estée Lauder's stock has dropped 26.1% year to date, while the S&P 500 has lost 13.2%.
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Why Estee Lauder Is Talking About Buying Tom Ford

The Tom Ford brand was reported to be for sale earlier this month and today The Wall Street Journal reported that beauty giant Estee Lauder is in talks to buy it. There’s a few reasons why Estee Lauder would buy Tom Ford. The first is that they know the company well because Estee Lauder has been working with Tom Ford on its fragrances for years.
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