The Estée Lauder Companies Inc. is on the verge of sealing a nearly $2.8 billion deal to buy Tom Ford, the American luxury brand founded by the former Gucci creative director nearly two decades ago, The Wall Street Journal reported.
New York City-based Estée Lauder (NYSE: EL) has partnered with Tom Ford on a premium beauty brand since 2005 and is expected to make licensing deals for Ford’s fashion and eyewear lines after the deal is completed, per WSJ.
Bloomberg reported in July that Tom Ford…
