TOM FORD brand and intellectual property acquired by The Estée Lauder Companies Inc.

The Estée Lauder Companies Inc. acquired TOM FORD brand and intellectual property, a US luxury beauty and brand intellectual property brand, on Apr 28, 2023.

Transaction summary

Target
TOM FORD brand and intellectual property
Seller
-
Announced
2022-11-15
Geography
United States
Type
Acquisition
Deal type
Control
Stake acquired
100%
First added
2026-10-04
Latest update
2026-10-21

Value and multiples

100% enterprise value

USD 2.5B

100% enterprise value | USD

Basis: Public source

Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.

EV / revenue

-

Period not stated

Basis: FundComb estimate

EV / EBITDA

-

EBITDA basis not stated

Basis: FundComb estimate

Amounts paid and other reported values

Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.

Consideration: USD 2.5B

FY2025 issuer filing: USD2,550m consideration for the acquired TOM FORD brand/IP entity, including USD300m deferred payments.

Consideration: USD 2.3B

Approximately $2.25 billion paid at closing; separate $300 million aggregate deferred seller payments begin July 2025.

Basis

  • USD2,550m consideration for 001 Del LLC, sole owner of the TOM FORD brand and related intellectual property, is treated as 100% EV. It includes USD300m deferred payments. USD2,578m acquisition cost includes approximately USD28m fees; the wider USD2,800m headline includes Zegna’s separate fashion acquisition. Approximately USD250m Marcolin funding is not added again. No supported full-target annual revenue or EBITDA denominator was established; the beauty-only sales forecast has a different scope.

Source summary

The Estée Lauder Companies to Acquire the TOM FORD Brand

Confirmed

The deal values the total enterprise at $2.8

Open source

The Estée Lauder Companies Completes Acquisition of the Tom Ford Brand

Confirmed

At closing, ELC paid approximately $2.25

Open source

Estée Lauder FY2025 Form 10-K — TOM FORD legal entity and consideration

Confirmed

On April 28, 2023, the Company acquired 100 % of the equity interests in 001 Del LLC (“001”) in exchange for $ 2,550 million in consideration (the “TOM FORD Acquisition”). 001 is the sole owner of the TOM FORD brand and its related intellectual property.

Open source

Estée Lauder FY2025 Form 10-K — TOM FORD legal entity and consideration

Confirmed

On April 28, 2023, the Company acquired 100 % of the equity interests in 001 Del LLC

Open source

Estée Lauder FY2025 Form 10-K — TOM FORD legal entity and consideration

Confirmed

On April 28, 2023, the Company acquired 100 % of the equity interests in 001 Del LLC (“001”) in exchange for $ 2,550 million in consideration (the “TOM FORD Acquisition”).

Open source

Estée Lauder FY2025 Form 10-K — TOM FORD legal entity and consideration

Confirmed

The total cost of the asset acquisition is $ 2,578 million, inclusive of approximately $ 28 million of transaction related costs and $ 300 million of deferred consideration payable to the sellers of which $ 150 million was paid in July 2025, and is reflected in Other accrued liabilities as of June 30, 2025, and the remaining $ 150 million is due in July 2026 and reflected in Other noncurrent liabilities in the accompanying consolidated balance sheet as of June 30, 2025.

Open source

Estée Lauder FY2025 Form 10-K — TOM FORD legal entity and consideration

Confirmed

Estée Lauder Companies Inc . (Exact name of registrant as specified in its charter)

Open source

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