The potential deal would be the cosmetic company's most expensive acquisition to date.
As fans of Ford may already know, two companies have been working together for years now. In 2005, the year the designer founded his label, he also consulted for Estée Lauder on a new fragrance dubbed Youth-Dew Amber Nude. The cosmetics company signed him shortly after to begin developing and distributing fragrances and cosmetics under his eponymously named beauty brand. The move paid off. Years later, sales of high-end offerings are booming.
Estée Lauder executives confirmed this on a fiscal third-quarter earnings call in May, stating that Tom Ford was among a handful of brands with double-digit sales growth.
Whether or not the two companies can reach an agreement remains to be seen. But according to at least one
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