Estée Lauder (NYSE:EL) About to Acquire Tom Ford in Largest-Ever Deal
15 Novembro 2022 - 08:28AM
TipRanks
Cosmetics giant Estée Lauder Companies (NYSE:EL) is likely to
announce an acquisition deal with Tom Ford soon. The deal value is
expected to be about $2.8 billion, which will be Estée Lauder’s
largest-ever acquisition. The potential deal was first reported
by The Wall Street Journal (WSJ) in August. In its latest
update, WSJ, citing people familiar with the matter, stated that
the company might announce a deal as early as today. Notably, Estée
Lauder is interested in getting its hands on the ultra-prestige
beauty business of Tom Ford.
https://www.tipranks.com/news/estee-lauder-nyseel-to-acquire-tom-ford-in-largest-ever-deal?utm_source=advfn.com&utm_medium=referral
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