The Tom Ford Brand has been fully acquired by The Estée Lauder Companies

"The TOM FORD brand and all of its intellectual property are now solely owned by The Estée Lauder Companies, Inc., according to a statement released today."

The supervision of ELC and its licences with Marcolin Group and Ermenegildo Zegna N.V. (NYSE: ZGN) ("Zegna Group") allow the TOM FORD brand to continue to develop as one of the leading international luxury brands of the twenty-first century.

As was previously stated, the transaction values the entire company at $2.8 billion. ELC made the last payment of almost $2.25 billion. This sum was financed by cash on hand, funds from the sale of commercial paper, $250 million from Marcolin, and other sources. Beginning in July 2025, ELC's postponed payments to the sellers totaling an additional $300 million become due. The purchase of TOM FORD FASHION by Zegna Group represents the balance of the whole firm valuation.

The benefits and other expectations for TOM FORD are among the forward-looking statements in this press release, but they also include risks and uncertainties. Actual results could differ from those forward-looking statements due to a variety of factors, including the current state of the economy and other market conditions, including volatility, consumer and supplier behaviour, competition, the transition to and continued success of the cooperative relationship between the parties involved in the acquisition and licences, the ability to carry out the forward business plans, and the risk factors listed in ELC's annual report.

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 PARIS, Too Faced, Dr.Jart+, and the DECIEM family of brands, including The Ordinary and NIOD.

Source: The Estée Lauder Companies Inc.