The Wall Street Journal reported Monday that Estée Lauder is in talks to purchase Tom Ford for $3 billion.
Tom Ford walks the runway at the conclusion of his autumn/ winter collection.
The potential Tom Ford deal would be the largest acquisition yet for Estée Lauder, a publicly traded company with a market cap of over 96 billion that is home to popular cosmetics brands.
According to the Journal, Estée Lauder is interested in Tom Ford Beauty, which it has a licensing agreement with, as well as looking to license the clothing brand to other companies.
The Journal did not list any other potential buyers for Tom Ford.
Tom Ford hired Goldman to explore a possible sale, according to sources.
Representatives for Estée Lauder and Tom Ford were contacted by Forbes.
After 10 years as the luxury line's creative director, Tom Ford left Gucci and founded his own fashion brand. It is best known for its suits and men's wear. Tom Ford Beauty is one of the brands included. Tom Ford started making cosmetics after consulting on a perfume. Tom Ford Beauty was one of the brands that had double-digit sales growth in the third quarter, according to the Journal.
Tom Ford has hired Goldman to explore a potential sale.
Estée Lauder is in talks to buy a luxury brand.
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