Estee Lauder in talks to acquire Tom Ford brand for $3B: report

Cosmetics maker Estee Lauder is in talks to acquire luxury brand Tom Ford in what could be a $3 billion deal, the Wall Street Journal reported on Monday, citing people familiar with the matter.

The potential deal would be the Clinique brand owner’s biggest acquisition ever, the report said, adding Estee is not the only suitor for Tom Ford.

Estee Lauder declined to comment, while Tom Ford did not immediately respond to a Reuters request for comment. Read more at New York Post.