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Estee Lauder To Buy Tom Ford Brand For $2.3B

"The acquisition was driven by the strength of Tom Ford’s beauty business, which includes fragrance, cosmetics and skin care, and for which Estée Lauder has had a longstanding licensing agreement," according to The New York Times. "The deal also brings apparel to Estée Lauder, which had been strictly focused on beauty, with a portfolio of brands that include La Mer, Bobbi Brown and Clinique."

Read the whole story at The New York Times »

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