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THE LATEST IN RETAIL TODAY - August 3, 2022

Estée Lauder in talks to acquire Tom Ford
The Estée Lauder Companies is in talks to purchase the American designer brand, Tom…
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Sigma Beauty expands select products in Sephora and Amazon
After Sigma Beauty’s first successful partnership with Sephora in 2021, offering two exclusive brush…
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Gucci is hiring for new store near Detroit
The Gucci world is expanding, and a new chapter is about to begin in Troy, Michigan, a 30 minute drive from Detroit. “The opening of…
Inside Glossier First-Ever Retail Partnership
The cosmetics company, with a DTC (direct-to-consumer) approach, Glossier has announced it’s first-ever retail partnership with LVMH-owned, Sephora. The news comes shortly after founder of…
Estée Lauder and Nykaa launch retail program for new Indian beauty brands
The Estée Lauder Companies (ELC) and NYKAA, one of India’s leading omnichannel beauty and lifestyle retailers, are excited to announce the launch of BEAUTY&YOU India.…

BREAKING TOP STORIES

Estée Lauder in talks to acquire Tom Ford

The Estée Lauder Companies is in talks to purchase the American designer brand, Tom Ford in an astonishing $3 billion deal. The Wall Street Journal says that the potential deal would be Estée Lauder’s biggest acquisition ever, but added that Estée Lauder is not the only suitor for Tom Ford.

Estée Lauder already has a longstanding licensing arrangement for Tom Ford’s high-end beauty and fragrance lines. The cosmetics giant said recently that Tom Ford and Jo Malone, which it also owns, were each close to bringing in $1 billion a year in revenue.

It was reported back in June that Tom Ford was working with Goldman Sachs on a valuation of his namesake company, which encapsulates beauty, fragrance, apparel, eyewear and accessories.

By marketing itself as a beauty business, Tom Ford is looking to tap into some of the rich multiples paid for cosmetics and skincare labels over the past five years. The beauty industry is expected to grow to 70 billion by 2025, with Estée Lauders interest, it may show a trend towards Luxury fashion houses shifting their resources to focus on beauty over fashion. Join the discussion here on Instagram.

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COSMECON (Sept 2022), Illinois, USA – Beauty Conference
We’re excited to partner for the second year in a row with Pacific Retail forCOSMECON 2022the nationwide beauty summit series hosted by Pacific Retail properties. Brands in the beauty, wellness,…
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