- According to reports cited by the Financial Times, cosmetics major Estee Lauder is close to signing a contract to acquire luxury brand Tom Ford for roughly $2.8 billion.
- According to reports, the announcement of the debt-financed deal might happen as soon as Monday.
- Notably, the FT story noted that Estee had acquired complete control of Canadian beauty company Deciem for around $1 billion in 2021.
Report: Estee Lauder and Tom Ford are close to a $2.8 billion acquisition deal.
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