Estée Lauder buys Tom Ford brand in $2.8 billion deal

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Estée Lauder agreed to buy the Tom Ford luxury brand, in a deal valued at $2.8 billion. CEO Tom Ford will continue to serve as "the brand's creative visionary" after closing and through 2023, according to Estée Lauder.

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Estee Lauder to buy US fashion label Tom Ford in $2.8 billion deal