Hong Kong
The Estée Lauder Companies Completes Acquisition of the Tom Ford Brand
Press Release, Apr 28, 2023
ELC licenses the TOM FORD trademark to Zegna Group for fashion and accessories and Marcolin Group for eyewear
ELC’s stewardship and its licenses with Ermenegildo Zegna N.V. (NYSE: ZGN) (“Zegna Group”) and Marcolin Group provide continuity and allow for the further evolution of the TOM FORD brand as one of the preeminent global luxury brands of the twenty-first century.
As previously announced, the deal values the total enterprise at
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The forward-looking statements in this press release, including those relating to the benefits and other expectations for TOM FORD involve risks and uncertainties. Factors that could cause actual results to differ from those forward-looking statements include current economic and other conditions, including volatility, in the global marketplace, actions by retailers, suppliers and consumers, competition, the transition and ongoing success of the collaborative relationship of the parties involved in the acquisition and licenses, the abilities to implement the forward business plans, and those risk factors described in ELC’s annual report on Form 10-K for the year ended June 30, 2022.
About The Estée Lauder Companies
The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of outstanding luxury and prestige brands globally. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN
View source version on businesswire.com: https://www.businesswire.com/news/home/20230428005308/en/
Media Relations:
Jill Marvin
jimarvin@estee.com
Investor Relations:
Rainey Mancini
rmancini@estee.com
Source: The Estée Lauder Companies Inc.