Estee Lauder about to buy fashion brand Tom Ford

Bangalore According to a media report, the US cosmetics group Estee Lauder is about to take over the fashion brand Tom Ford, worth billions persons familiar with the matter.

Estee Lauder was initially unavailable for comment.

In early November, the Wall Street Journal reported that Gucci owner Kering was in advanced talks to buy the fashion brand. The French luxury group with brands like Yves Saint Laurent and Bottega Veneta is the favorite in the race for Tom Ford.

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