A hacker was able to gain access to cosmetics company Estee Lauder’s internal system, prompting the makeup and beauty giant to launch an investigation into the incident, it announced on July 18. In a statement, the New York-headquartered company said it had identified the cybersecurity incident, which involved an “unauthorized third party that has gained access to some…
Estee Lauder to Buy Tom Ford in a Deal Valued at $2.8 Billion
The Estee Lauder Cos. is acquiring luxury powerhouse Tom Ford in a deal valued at $2.8 billion, marking the beauty firm’s biggest acquisition yet. As part of the deal announced Tuesday, Ermenegildo Zegna Group and Marcolin S.p.A. will enter long-term license agreements for Tom Ford fashion and Tom Ford eyewear, respectively. While Estee Lauder said…
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