Cosmetics maker Estee Lauder Companies Inc is in talks to acquire luxury brand Tom Ford in what could be a US$3bil (RM13.4bil) deal, the Wall Street Journal reported on Monday (Aug 1), citing people familiar with the matter.
The potential deal would be the Clinique brand owner's biggest acquisition ever, the report said, adding it is not the only suitor for Tom Ford.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!