Estee Lauder to Buy Tom Ford in a Deal Valued at $2.8 Billion

Tom Ford attends the CFDA Fashion Awards at The Pool and The Grill in New York on Nov. 10, 2021. Evan Agostini/Invision/AP

The Estee Lauder Cos. is acquiring luxury powerhouse Tom Ford in a deal valued at $2.8 billion, marking the beauty firm’s biggest acquisition yet.

As part of the deal announced Tuesday, Ermenegildo Zegna Group and Marcolin S.p.A. will enter long-term license agreements for Tom Ford fashion and Tom Ford eyewear, respectively.