Estée Lauder Reportedly in Talks to Buy Tom Ford for $3 Billion

Major merger news came out via the Wall Street Journal on Monday, after the outlet reported that Estée Lauder is in talks to buy Tom Ford, according to people familiar with the matter. The news follows a Bloomberg report in early July that the fashion brand hired Goldman Sachs to explore a potential sale. If Estée Lauder moves forward, it would be the largest acquisition for the company, according to the WSJ. The Estée Lauder Companies currently owns its namesake beauty brand, along with a slew of other lines, such as Clinique, Frederic Malle, GlamGlow, Jo Malone, La Mer, Le… Read Full Article