{"id":150954,"date":"2022-11-18T12:32:33","date_gmt":"2022-11-18T17:32:33","guid":{"rendered":"https:\/\/models.com\/oftheminute\/?p=150954"},"modified":"2022-11-18T14:33:02","modified_gmt":"2022-11-18T19:33:02","slug":"estee-lauder-acquires-tom-ford-louis-vuitton-luxury-hotel-is-coming-and-more-of-the-news-you-missed","status":"publish","type":"post","link":"https:\/\/models.com\/oftheminute\/?p=150954","title":{"rendered":"Est\u00e9e Lauder Acquires Tom Ford, Louis Vuitton Luxury Hotel Is Coming, and More of the News You Missed"},"content":{"rendered":"

Est\u00e9e Lauder Companies Buys Tom Ford<\/strong>
\nTom Ford’s<\/a> eponymous luxury brand has sold to cosmetics and skincare giant Est\u00e9e Lauder<\/a> for $2.8 billion, making Ford a billionaire. After speculations that Kering was leading in the competition of buying Tom Ford, Est\u00e9e Lauder won the final bid. The two companies have been beauty partners for over 15 years since launching the Tom Ford Beauty brand back in 2006. Ford will stay as the brand\u2019s \u201ccreative visionary\u201d after the deal closes through the end of 2023. Est\u00e9e Lauder Companies President and CEO Fabrizio Freda said, \u201cas an owned brand, this strategic acquisition will unlock new opportunities and fortify our growth plans for Tom Ford Beauty.\u201d [CNN<\/a>]<\/p>\n

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A post shared by TOM FORD (@tomford)<\/a><\/p>\n<\/div>\n<\/blockquote>\n