Tag: leisure and lifestyle
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Estée Lauder is buying Tom Ford in a deal worth $2.8 billion
Hong Kong CNN Business — Two of the world’s top luxury icons are deepening their relationship. In a landmark deal announced Tuesday, Estée Lauder Companies (EL) said it was acquiring its longtime partner Tom Ford. The agreement values the American fashion and beauty label at $2.8 billion and will be paid through a combination of…