Estée Lauder is buying out Tom Ford brand for $2.8 billion

Inside the world of designer Tom Ford, set to become a billionaire in $2.8 billion Estée Lauder buyout

Estée Lauder and Tom Ford have inked the luxury industry's biggest deal of 2022 in a $2.8 billion buyout of the American designer's eponymous brand. "I could not be happier with this acquisition as The Estée Lauder Companies is the ideal home for the brand, " Ford said when the deal was announced this week.

Tom Ford and Richard Buckley attend the 2017 Writers Guild Awards L.A. Ceremony at The Beverly Hilton Hotel on February 19, 2017 in Beverly Hills.

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